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Real Estate & Property Law

: The Home Equity Theft Reporter

Failure To Note Lien On Title Certificate On Mobile Home & Land Refinancing Transaction Sinks Lender In Homeowners' Bankruptcy Proceeding

By r morris

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The following facts have been taken from a recent ruling by a U.S Bankruptcy Court in London, Kentucky:Debtors borrowed $67,500.00 from a mortgage lender, pledging their real estate and a 1998 Southern 28' x 52' double-wide mobile home. This transaction was to refinance the Debtors' mobile home and land.The lender duly recorded its mortgage on the land, but failed to note its lien on the mobile

Full post as published by The Home Equity Theft Reporter on June 06, 2010 (boomark / email).

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