Legal Question in Real Estate Law in Colorado
Removing a lien from a bankrupt company
The Minnesota company that provided us with a second mortgage in order to finish building our custom home went bankrupt 1-1/2 years ago. How can we have the lien on our property removed? What are our legal obligations now?
Asked on 2/05/02, 12:18 am
1 Answer from Attorneys
Eric Fisher
Law Office of Eric A. Fisher. LLC
Re: Removing a lien from a bankrupt company
Normally a mortgage is sold to a third party either before or during the bankruptcy.
A check of the title records for your property may show an assignment.
Absent that, a quiet title action could clear title, but get a title report first.
Answered on 2/05/02, 11:20 am