Re: Jr Lien

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Re: Jr Lien
Posted by scinv on April 28, 2008 at 6:31 PM
In Reply to: Jr Lien posted by greg benjamin on April 26, 2008 at 12:23 AM
just a side note question on this thread. upon your security interest being wiped off, but not out, of a property due to a foreclosure by the first, is it still considered a trust deed, not subject to discharge in bk, or JUST a garden variety general lien, subject to dismissal by a bk judge? don't recall this question ever coming up, but i wonder if a trust deed, once wiped off, has ANY advantage over a judjment? chime in guys!

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Comments: : just a side note question on this thread. upon your security interest being wiped off, but not out, of a property due to a foreclosure by the first, is it still considered a trust deed, not subject to discharge in bk, or JUST a garden variety general lien, subject to dismissal by a bk judge? don't recall this question ever coming up, but i wonder if a trust deed, once wiped off, has ANY advantage over a judjment? chime in guys!

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