Posted by jmd_forest on December 01, 2005 at 16:31:28:
I guess I’ve stumped the experts with this one!
Lien status after foreclosure redemption - Posted by jmd_forest
Posted by jmd_forest on November 30, 2005 at 13:41:09:
After a foreclosure, all but a limited set of judgement liens (federal, state, and local government, some condo association fees) are extinguished. What happens to judgement liens against the property if the previous owner redeems the property? Are the judgement liens against the property still valid?
Re: Lien status after foreclosure redemption - Posted by Bill H
Posted by Bill H on December 02, 2005 at 19:56:20:
If the prior owner excercise their right of redemption ALL liens stay in place as before the foreclosure.
Otherwise, everybody would go to foreclosure, get Liens removed and buy back…wht a deal!
You did not stump the experts…we just thought everybody knew that.
Good Luck,
Bill H