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In the USA, can you lose your home even after it is 100% paid off? (lemmy.ml)
submitted 2 years ago by to c/asklemmy@lemmy.ml
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Let’s say that you buy a home in cash and have 100% paid off. Could you still lose it somehow?

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[–] 1 point 2 years ago (2 children)

Can you be foreclosed on when you own out right? Seems like mortgage terminology.

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  • [–] 2 points 2 years ago

    The mortgage is a type of lien. But there are other kinds of liens, such as when a contractor works on your house, and you didn't pay them, they can place a lien on the property until you pay. In the worst case, a contractor could forclose and force the sale to cover the debt.

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  • [–] 1 point 2 years ago*

    The sentence in question was:

    a lein doesn’t usually lead to disclosure

    I don't know if "foreclosure" is the right word to describe a forced sale due to a lien, but I do know the person didn't mean to write "disclosure" instead.

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