Question: I have been listed as a defendant in a summons for a mortgage foreclosure. The mortgage isn't in my name. It says that I am "subordinate, junior and inferior to the lien of plaintiff's mortgage, including, but not limited to, possible interest due to defective corrective quit claim deed." What does all this mean?
Response: What that means is that you are put on notice that foreclosure action has been commenced against the borrower who defaulted on his/hers mortgage. Since you have an interest in the property, by adding you as a defendant to the action, the bank is essentially trying to cut off your interest in the property in case foreclosure sale takes place. You cannot be sued for a deficiency since you are not the borrower.
In the legal blog, Attorney Svetlana Kaplun addresses typical questions our firm has received from our clients, or come across from homeowners related to foreclosure, foreclosure defense, loan modification and bankruptcy topics.
The information contained in the legal blog of Attorney Svetlana Kaplun is for informational purposes only, and should not be construed as a legal advice on any subject matter. Please read our full disclaimer or contact the Law Office of Svetlana Kaplun, P.C. by telephone at 718-444-1115 for more information.
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