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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Foreclosure on VACANT LAND with Lienholder Posted by Ward-CA- on June 22, 2001 at 9:42 PM In Reply to: Foreclosure on VACANT LAND with Lienholder posted by Cindy Rosengarten on June 22, 2001 at 9:34 AM : Hello. : I'm interested in potentially forclosing on vacant land. I have : a few questions as I'm not sure if there is any way around this problem. : 1. There is a lien on the property : 2. The property is currently zoned OPEN SPACE : I asked the tax assessor if there was any way I could get this rezoned - after all, there are about 30+ acres and there is no other space left to build in my town. I'd even agree to put my own house on the land. The assessor said, no way, not in his lifetime. : So, the land is owned free & Clear. Is there any benefit to foreclosing? What happens to the titleholder if the owner chooses not to pay off the lien and there is no foreclosure action? : Thanks. : Cindy =•=•=•=•=•=•=•=•=•=•=•= Cindy, you state in number one that the property has a lien against it. Yet you also state in the third paragraph that the “..land is owned free and clear.” So what is it, does it have a lien or not? If there’s no lien then how could it be foreclosed upon? Do you consider the “title holder” the same as the “owner”? Sorry kiddo, but this inquiry is too muddled for me to make any sense of. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Hello. : : I'm interested in potentially forclosing on vacant land. I have : : a few questions as I'm not sure if there is any way around this problem. : : 1. There is a lien on the property : : 2. The property is currently zoned OPEN SPACE : : I asked the tax assessor if there was any way I could get this rezoned - after all, there are about 30+ acres and there is no other space left to build in my town. I'd even agree to put my own house on the land. The assessor said, no way, not in his lifetime. : : So, the land is owned free & Clear. Is there any benefit to foreclosing? What happens to the titleholder if the owner chooses not to pay off the lien and there is no foreclosure action? : : Thanks. : : Cindy : =•=•=•=•=•=•=•=•=•=•=•= : Cindy, you state in number one that the property has a lien against it. Yet you also state in the third paragraph that the “..land is owned free and clear.” So what is it, does it have a lien or not? If there’s no lien then how could it be foreclosed upon? Do you consider the “title holder” the same as the “owner”? : Sorry kiddo, but this inquiry is too muddled for me to make any sense of. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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