ANSWERS: 1
  • This scenario is very typical in NY or IL ...no..your lien will be wipe out once The senior lien to yours finalizes their foreclosure process....remember you file a lien after there were loans against the property making you a junior lien...REMEMBER YOU AGREEING TO RELEASE THE LIEN FOR AN SPECIFIC AMOUNT DOESNT GIVE UP THE RIGHT TO KEEP COLLECTING FROM THE PERSON THAT HIRED YOU...YOU CAN AGREED TO RELEASE THE LIEN FOR A SPECIFIC AMOUNT...REMEMBER "RELEASE" IS THE MAGIC WORD NOT "SETTLEMENT" YOU CAN STILL PERSUE THE OLD OWNER FOR THE DIFFERENT... GOODL LUCK TO YOU AND HOPE THIS HELPS

Copyright 2023, Wired Ivy, LLC

Answerbag | Terms of Service | Privacy Policy