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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Yes but.. Posted by Ron on April 17, 2003 at 10:57 PM In Reply to: Yes but.. posted by John-CA on April 17, 2003 at 8:59 PM Abstracts can be foreclosed judicially. That's pretty time consuming (about a year) but it can and is done. Most judgment lien holders have no clue on enforcing their liens so it'll prob. just sit there collecting 10% until you sell. The abstract is gonna sit there until either A) You pay it off, buy it, etc. B) You wanna buy title insurance. Even though the abstract is recorded against the owners name and the owner no longer owns the property...the title company is gonna see it in the chain of title and it'll need to be addressed then. Good luck... : ...part of my original question was WHEN do I have to pay it? So appearently I "could" : wait until I retailed the place. : But my other question stands: Can a non-voluntary lien foreclose? If so, doesn't it : have to be "judicial"? : Thanks! : John M. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : Abstracts can be foreclosed judicially. That's pretty time consuming (about a year) but it can and is done. Most judgment lien holders have no clue on enforcing their liens so it'll prob. just sit there collecting 10% until you sell. : The abstract is gonna sit there until either : A) You pay it off, buy it, etc. : B) You wanna buy title insurance. : Even though the abstract is recorded against the owners name and the owner no longer owns the property...the title company is gonna see it in the chain of title and it'll need to be addressed then. Good luck... : : : ...part of my original question was WHEN do I have to pay it? So appearently I "could" : : wait until I retailed the place. : : But my other question stands: Can a non-voluntary lien foreclose? If so, doesn't it : : have to be "judicial"? : : Thanks! : : John M. 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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