Legal Question in Credit and Debt Law in California
uncollected lien on foreclosed property
our house in california was foreclosed in 2001, our second mortgage lender was not able to collect from it and is now trying to collect from us, what are my options? please reply thanks.
2 Answers from Attorneys
Re: uncollected lien on foreclosed property
The answer to this question is complex and depends on many factors, including if your second lender was the same as the first, who foreclosed, etc. The ability to answer this question cannot be answered in my opinion with the facts given. It is possible that they can try and collect, so I suggest you contact an attorney for an indepth consultation.
Re: uncollected lien on foreclosed property
Was the 2nd trust deed placed after the 1st or was it used to finance the property. This may make a difference. Please contact our office for consultation and review of your documentation.
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