no cause it's not tied in,
after they auction your house they can put a lien on it for whatever the difference between what they sold it for and what they recieved
Unless the lot is tied to the mortgage, no they can't foreclose on it at the same time.
HOWEVER, if you foreclose on the house, YOU WILL OWE the difference and the IRS will tax you. YOU CAN"T JUST WALK AWAY.
The real estate guy's answer is better and more knowledgeable.
yep, they wil take all of your assets to supplement your house loan.
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