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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Judgement liens Posted by Ken LoFrano on April 28, 2003 at 2:47 PM I am the holder of a Judgement lien against an individual and his wife. I've been pursueing a judicial foreclosure for six months and finally got a court date for the homeowner to show cause. I was just notified on Thursday of last week the 1st trust deed holder scheduled a forclosure sale due to default on the loan. My question is: There is a first of $105K a Second of 35K and then I have a judgement lien for $175K against the assets of the couple, the house appraised at $400K. The person filed for Backrupcy protection on Friday. If the house goes to forclosure sale after the relief from automatic stay is granted will I be in a position to collect all monies bid above the minimum bid to satisfy my judgement or will I be left to go after the homeowner when he gets the residual monies from the sale through backrupcy? Follow Ups: Probably a squeaker Ward-CA- 0:38 AM, 04/29/03 (5) Re: Probably a squeaker ken 8:13 AM, 04/29/03 (4) With better info we're not even close.. Ward-CA- 12:03 AM, 04/29/03 (2) Re: With better info we're not even close.. Ken Lofrano 11:28 AM, 04/30/03 (1) Back to my original analysis... Ward-CA- 5:46 PM, 04/30/03 (0) Re: Probably a squeaker Jorge 8:37 AM, 04/29/03 (0) Maybe it's not that bad SeanW 8:18 PM, 04/28/03 (0) Re: Judgement liens Jorge 6:53 PM, 04/28/03 (3) Re: Judgement liens Ken 8:23 AM, 04/29/03 (2) Re: Judgement liens Jorge 8:52 AM, 04/29/03 (1) Re: Judgement liens staci 9:44 AM, 07/07/08 (0) Post a Followup: Name : E-Mail : Subject : Comments: : I am the holder of a Judgement lien against an individual and his wife. I've been pursueing a judicial foreclosure for six months and finally got a court date for the homeowner to show cause. I was just notified on Thursday of last week the 1st trust deed holder scheduled a forclosure sale due to default on the loan. My question is: There is a first of $105K a Second of 35K and then I have a judgement lien for $175K against the assets of the couple, the house appraised at $400K. The person filed for Backrupcy protection on Friday. If the house goes to forclosure sale after the relief from automatic stay is granted will I be in a position to collect all monies bid above the minimum bid to satisfy my judgement or will I be left to go after the homeowner when he gets the residual monies from the sale through backrupcy? 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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