I have a lien on a property that sold fsbo 2nd owner discovered it and doesn't want to pay in e
View your credit file based on any of the UK credit reference agencies, or all three at once
LifeLock is the only Identity Theft Prevention Solution backed by a one-million dollar guarantee!Click here to get a 10% discount.
Start foreclosure proceedings.
That will cause somebody to do whatever needs to be done. The current owner cannot sell the house right now if the buyer is getting a loan or wants a title policy.
If you do end up foreclosing, you will have to pay off the first lien. Unless it's an owner carry to the person who you filed against in the first place.
You might end up getting the house with little or no other liens on it - talk to a real estate attorney in the state the house is in.
I have a lien on a property that sold fsbo 2nd owner discovered it and doesn't want to pay in escrow?Your lien should block the sale and the transfer of title.
People need to be aware when purchasing property that this can occur and it means you cannot legally own the property.
Get a lawyer and demand to be paid or stop any sale/re-financing as your money is due. No bank will lend her money with a lien on the property floating around and not being paid.
Good luck.
I have a lien on a property that sold fsbo 2nd owner discovered it and doesn't want to pay in escrow?Let me start by saying that liens run with the property, not with the individuals. So, when the original borrower sold the property they were required to pay off the deed of trust in order to present their buyer with a clear title. That being said, I'd suggest going to a real estate attorney and explaining the situation to them so that they can begin foreclosure proceedings.
More Related Questions and Answers ...
The loan information post by website user , we not guarantee correctness.