Legal title- California

[03wiseman]

I have a Promissory Note but title is held by someone else. Can the holder of the title sell without my promission? Also, in the event of a foreclosure, who does the bank go after?

 

[tranquility]

I'm not quite sure what you mean, but title is not the same as the note. The note is the responsibility of the debt along with the property as security. The title holder can sell the property subject to the lien.

 

[03wiseman]

title

I'm not quite sure what you mean, but title is not the same as the note. The note is the responsibility of the debt along with the property as security. The title holder can sell the property subject to the lien.

Title was Quit Claimed over but the note remained in my name. Now the Bank is after me, but I don't own the house, only have the security note on the house.

 

[FlyingRon]

Title was Quit Claimed over but the note remained in my name. Now the Bank is after me, but I don't own the house, only have the security note on the house.

The bank is after you because you agreed to pay them. Who owns the house is entirely immaterial to them.

The person who is owner is free to sell the house, but most people would not buy a house that's still subject to a mortgage.

 

[03wiseman]

title

The bank is after you because you agreed to pay them. Who owns the house is entirely immaterial to them.

The person who is owner is free to sell the house, but most people would not buy a house that's still subject to a mortgage.

Thank you for your advice

 

[HomeGuru]

I have a Promissory Note but title is held by someone else. Can the holder of the title sell without my promission? Also, in the event of a foreclosure, who does the bank go after?

**A: is there a mortgage and note recorded on title signed by you?