InnoVest Resource Management's Foreclosure Forum

Home Discussion Board "Hands-On" Training Title Holding Trust Speaking Schedule Store Foreclosure Codes 50 State Resource Data Foreclosure Glossary Foreclosure Statistics 60+ Yrs Interest Rates Fillable Forms Archived Articles Dingbat Retirement Plan Links Contact / Map Home

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Lien Question Posted by Ellis on October 06, 2003 at 10:34 PM In Reply to: Lien Question posted by Vince on October 06, 2003 at 9:53 PM If your lien was correctly recorded as an abstract in the county of the refinanced property, you are technically in a senior position above that new loan & can force a judicial foreclosure. That's what I would threaten to do, unless your lien was paid off. I know of an attorney who specializes in collections in Los Angeles. If you would like email me personally for his name. Ellis : Ward or anyone who could help me out there, : I would like to know if a Title co. could close and record on a refinance transaction if there's an outstanding judgement lien on a house that has not been pay off yet? : I placed the judgement lien on the homeowner on May 5, 2003 because the homeowner owes me money and I just found out today that the homeowner just recently refinance their home without paying off the lien. I thought the purpose of the judgement lien was for me to get paid off when the homeowners refinance or sale their home. Am I wrong or am I right? : Who is at fault for this transaction and who could I go after for screwing this up? The Title Co.? The Mortgage broker? or The Lender? : And do you know any really good real estate lawyers out there for this situation? : Thanks, : Vince Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : If your lien was correctly recorded as an abstract in the county of the refinanced property, you are technically in a senior position above that new loan & can force a judicial foreclosure. That's what I would threaten to do, unless your lien was paid off. I know of an attorney who specializes in collections in Los Angeles. If you would like email me personally for his name. : Ellis : : Ward or anyone who could help me out there, : : I would like to know if a Title co. could close and record on a refinance transaction if there's an outstanding judgement lien on a house that has not been pay off yet? : : I placed the judgement lien on the homeowner on May 5, 2003 because the homeowner owes me money and I just found out today that the homeowner just recently refinance their home without paying off the lien. I thought the purpose of the judgement lien was for me to get paid off when the homeowners refinance or sale their home. Am I wrong or am I right? : : Who is at fault for this transaction and who could I go after for screwing this up? The Title Co.? The Mortgage broker? or The Lender? : : And do you know any really good real estate lawyers out there for this situation? : : Thanks, : : Vince 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

Information provided by this website is for informational purposes only and is not a substitute for professional advice. Please consult your investment advisor and/or attorney before entering into any transaction. Read our privacy policy.

Copyright © 1997-2003, InnoVest Resource Management
http://www.foreclosureforum.com

InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455