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.

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Answered on 2/05/02, 11:20 am


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