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In the USA, can you lose your home even after it is 100% paid off? (lemmy.ml)

submitted 1 year ago by [email protected] to c/[email protected]

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Let’s say that you buy a home in cash and have 100% paid off. Could you still lose it somehow?

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[–] [email protected] 2 points 1 year ago

The mortgage is a type of lien. But there are other kinds of liens, such as when a contractor works on your house, and you didn't pay them, they can place a lien on the property until you pay. In the worst case, a contractor could forclose and force the sale to cover the debt.