Legal Question in Bankruptcy in California

real estate liens

if a bank has two liens on a house, one being the mortguage and the second being a personal equity line of credit, and the bank charges off the personal equity line of credit due to a bankruptcy/death occuring simultaniously, does this remove the second lien? what effect does the charged off loan have on the residence?


Asked on 1/24/09, 10:12 am

1 Answer from Attorneys
Charles Shamash Caceres & Shamash, LLP

Re: real estate liens

Lien itself survives. Unless actually removed or "stripped" if it was recorded it remains.

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Answered on 1/24/09, 10:24 am


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