Legal Question in Real Estate Law in California
Trustee's sale and Abstract of Judgement
If I bid on a Trustee's sale (in California) held by 1st mortgage lender (Senior Lien Holder). Do I have to be responsible for all the Abstract of Judgements recorded/associated with the property?
Asked on 4/28/08, 12:26 pm
2 Answers from Attorneys
Mitchell Roth
MW Roth, Professional Law Corporation
Re: Trustee's sale and Abstract of Judgement
No. If they were recorded after the first mortgage they get wiped out as liens by the foreclosure.
Answered on 4/28/08, 2:15 pm
Judith Deming
Deming & Associates
Re: Trustee's sale and Abstract of Judgement
You responsible only for liens, etc., which were recorded prior to the deed of trust which is the subject of the trustee's sale; anything which attached to the title after the date of the recordation of the foreclosing lender's deed of trust will be extinguished in the sale.
Answered on 4/28/08, 3:50 pm
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