I have a lien on a property that sold fsbo 2nd owner discovered it and doesn't want to pay in e
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I placed a lien on a property in CA in 1992 for a debt (deed of trust) the man sold it for sale by owner. I sent him a bill a few years ago and the new purchaser discovered it, the debtor called me and said he sold it and laughed. I think the new owner just took over payments and never had a title search. She wants to refinance or sell and the lien came up, the title company is friends with ladys niece who is a loan officer and they told her that her aunt shouldn't pay because it was there before she bought the property. I have a reconveyance ready to go and the title company is refusing to pay the demand. This was done when I was a bail agent and the first owners bailed someone that skipped. I have never had this problem. Title Co. said the insurance company is the beneficiary, I'm the trustee and lien holder. Shold I hire an attorney? the contract said 10% per year interest it is now about 25,000. due. The seller told her/buyer about the lien and she was aware.
I have a lien on a property that sold fsbo 2nd owner discovered it and doesn't want to pay in escrow?The lien on the property is always a lien. Liens convey with a property if not paid off. The new owner is responsible for getting the lien paid. The new owner can always sue the previous owner for payment of this lien. My recommendation is to begin foreclosure proceedings on the property. The new owner will not be able to sell or refinance with a foreclosure looming over them. And that should scare the title company into being ethical about the whole deal.
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