Can your home be taken in a forced sale for outstanding debt from a mobile home foreclosure where you were the cosigner?

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1221401

2026-03-04 01:50

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They can, and probably will, take your house, unless you do something about it. You (and your cosigner) are responsible for paying that loan in full, so they will most likely come after you for everything that is owed on the loan. This will also ruin your credit if you don't fix the problem immediately. A Second Opinion: The lender would in all likelihood be able to place a lien against your residence depending upon the titiling of the home itself. However, in most instances the state's homestead exemption will protect a home that is still under mortgage. In addition, there are a few US states that do not allow the sale of a primary residence for consumer debt. If your home is paid for that would present a bigger problem in protecting it from creditor judgment. The best option is to seek legal counsel to determine how your home is titled and what protection it has under the laws of the state in which the property is located.

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