From: "Canzie" 
Newsgroups: alt.realestate.fsob
Subject: Mortgage Holder Question
Date: Tue, 26 Aug 2003 19:14:50 GMT

Yes, I will ask an attorney too, I just need opinions.  Theoretical
scenario;

I own a home free and clear.  I sell it to Joe and hold a $100,000 mortgage
on the property.  Joe lets the place become a shambles, does not pay taxes
for 10 years.  Place begins to fall apart.  Here is the question;

As the lienholder in first position, do I have the right to make repairs to
the property to protect my secured asset?  Do I have a right to pay the
taxes current?  Do I have a right to add these charges to the balance due of
the mortgage?

Anyone who has read my previous "Adverse Posession" threads know where I am
going with this.

Baird, not you please.


-- 
Michael Papp
iNet Commercial Lending/ Carteret Mortgage
www.iNet-Lender.com
MSN Messenger ID - iNet-Lending