Judicial Foreclosure
October 1st, 2010
Judicial Foreclosure
I have a lien on a house and the bank holding the note purchased at a foreclosure sale, what happens to a lien?
Home went to foreclosure. I have a lien. The mortgage bank has bought in a foreclosure sale. What happens to my lien?
You can not have been enough capital to cover their tax. When the house was sold the mortgages were paid in the order they were presented in the until he was without money. You can get a conviction of the person who lost his home. The new owner does not owe anything, even if they were the holder of a mortgage. That is why second and third mortgage interest payments higher.
Judicial Foreclosure
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