Why.......?

Question

Someone I know told me that my bank can make me pay back a loan on a house that I NEVER bought. I thought that was funny, and I let him know that I’m not an idiot and I’m not paying a dime!  He didn’t say anything back to me after that. My question is why would he tell me that? Was he trying to scare me and make me hand over some money?

Anonymous · Accepted Answer

Only thing I can think of:  if you inherited, won, were given or otherwise acquired property that has a lien on it, you'd be responsible for paying the loan back if title transferred to you without the lien being discharged.  Example:  you buy a car from a private party - they financed it and tell you they paid-off the loan - DO NOT accept a "pink slip"  (title copy), Bill of Sale or anything but the actual title stamped lien paid, cancelled fulfilled by the title office or lender.

T J · Answer

Scam alert...........

y · Answer

Identity theft, they can, and the only way to stop them is a long tedious, expensive process. Until that process plays out, you ether pay or get treated like you defaulted.

Dr. Stephanie · Answer

We're not mind readers, ask him.

Why.......?

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