Re: Your’e missing the forest because of the trees… - Posted by Ben - more info.
Posted by Ben - more info. on May 23, 2000 at 11:54:35:
Thanks for your response.
I’m not sure the State Tax Lien is a prioty lien.
few more details - Brother A. and Brother b.
brother a. deeded the property to brother b. in 1992.
1st mortgage for $17,000 is from 1978 from brother A
Unfortunely brother b had a few ongoing creditor problems and later had the 3 judgements recorded against his name.
the 6,000 from a hospital in 1993.
the $131,000 from the State of N.J. in 1994.
and the $48,000 in 1998.
The State of N.J. lien is for failure to pay gross income and sales tax on a coffee shop he used to own, it was recorded in 1994 and is a DJ judgement, it reads -----
State of N.J vs. brother “B” t/a brother b’s coffee shop —
So the date makes it a 4th lien, I don’t know if State gross income/sales tax makes it a superior lien. The person in the Div. of Taxation is clueless.
Does the mere fact that the creditor is the State of N.J. make it superior to morgages and judgements recorded prior - if so your advice to buy/assign the state lien would be the way to go…if not
I still have the problem with the 5th judgement vs the insurance co. who refuses to discount.
Thanks in advance for your help.