If a person is behind on mortgage payments on there house would the bank make them sell there other land first?

or would the bank make them put there house up for sale

Many people wonder about the "safety" of their other assets or properties when they are facing foreclosure.

There are many cases where saving a property by using equity in other assets would make a lot of sense. However, this is a decision for the homeowner to make. The lender/bank/servicer has no authority over these assets, unless they were used as collateral.

After a foreclosure, if a deficiency judgment is allowed, the court may place a lien against other assets, but even this is highly unlikely.

If you are behind on payments, you best option is usually to request a loan modification. This can lower your payment and allow you to get the payments back on track.

Good luck with everything and let us know if we can answer any more questions!

No the charge is against the house so that is the asset the bank holds against the loan.It is not your house until the loan is repaid.If you put the land up as collateral for the loans then they may sell them to recover arrears .Out of interest why don't you sell the land to make your mortgage up to date

As long as the other piece was mortgage separately, the lender for the mortgage on the house can not make you do anything with other property. A bankruptcy judge could make you sell it.

Only thing the bank has any control over is the property pledged as security on the mortgage. Untill that is sold, they have no right to lien anything else you own.,