Buying or Selling a Home/liens in foreclosure

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Expert: - 8/2/2008


Question
My x husband is trying to sale a house, There is a lien on it for back child support in the
amount of 27,000 dollars. He said he was in danger of foreclosure and he has a buyer but
will only get a 10,000 profit. He is trying to get me to sign off on it. My question is if the
bank forecloses what happens to the lien?  Will the bank be repressible for the lien?

Answer
Chances are, Donna, your divorce attorney put a lien on your husband. That means anything of value he owns is in jeopardy of being lost by him to that lien. If there is no lien on him, then you better contact your divorce attorney or a REAL ESTATE attorney to protect your interests. DO NOT SIGN ANYTHING BEFORE YOU TALK TO YOUR ATTORNEY. I do wish you well.

Dick Dennis

Buying or Selling a Home

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Dick Dennis

Expertise

With more than 41 years as a real estate broker, I can solve most any problem presented. If I can`t, I do my research. Problems with mortgages, trust deeds, foreclosures, odd ways of conveying titles. Most any good Realtor can answer questions satisfactorily, but I answer questions that most cannot. Also, ask about my hard-copy newsletter, The Landed Gentry. It can also be sent to you via PDF.

Experience

Solving real estate problems for 37 years.

Organizations
National Association of Realtors

Publications
Publishes The Landed Gentry, guest writer in Who's Who in Creative Real Estate, First Tuesday, Financial Freedom and many newspapers

Education/Credentials
e-Pro Realtor, Certified Distressed Property Expert, Who's Who in Creative Real Estate

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