Legal Question in Real Estate Law in Illinois
liens
if i have a lien on a house and the bank forecloses on that house, is the lien still valid?
Asked on 12/05/07, 12:05 pm
3 Answers from Attorneys
Joseph Michelotti
Michelotti & Associates, Ltd.
Re: liens
No the foreclosure covers all subsequent liens.
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www.michelottilaw.com
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Answered on 12/05/07, 11:46 pm
Re: liens
That will depend on whether the mortgage lien is superior to your lien.
Answered on 12/05/07, 12:53 pm
Mitchell Roth
MW Roth, Professional Law Corporation
Re: liens
If you have a lien on a house and the bank forcloses on a prior (or superior lien) it wipes out your lien.
Answered on 12/05/07, 1:08 pm
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