Legal Question in Real Estate Law in California
Liens
A friend of mine who aquired money from his father's estate, assisted another friend whose house was close to foreclosing by lending thousands of dollars. Their was a letter drawn up and signed by both parties, however the friend was able to sell his home prior to it going into forclosure, however the friend selling the home was incarcerated during the final steps of sale. We think the purchase finalized, but where is $? Lender friend has filed for lien on property but does not know how to go about enforcing if not too late!
1 Answer from Attorneys
Re: Liens
It is possible that the money might remain in escrow. Perhaps you can check the county recorder's office, find out the name of the buyer, and see if he/she will impart the name of the escrow company and obtain the status of the sale. Your lien should have been paid out of escrow. You should retain a knowledgeable real estate litigator who could handle this for you within your budget.
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