Let’s say that you buy a home in cash and have 100% paid off. Could you still lose it somehow?

  • brianorca
    link
    21 year 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.