Real Estate Law
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Generally yes, but you would need to check your original loan documents to make sure that the land was included as collateral along with the house. But in 15 years of practicing real estate law, I haven't seen a lender omit the land that a house was sitting on from being collateral when they were making a loan..
Well, then legally they would just have the right to own the house and would have to sue you separately for any deficiency, get a judgment, file a lien on the land, and then foreclose on the land to force a sale so they could buy it so they would have both land and house together so they could sell it to try and recover their loss.
You are very welcome. Glad to help any time..
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