Legal Question in Real Estate Law in Massachusetts

if you have liens against your house and you lose it to foreclosure what happens to the liens can the creditors still come after you


Asked on 9/16/12, 11:31 am

1 Answer from Attorneys

Short Answer is NO, the debts remain.

The liens are discharged but not the debt. Those lien holders only get whatever money is recovered in excess of the Mortgage and costs from the foreclosure if any. The debts upon which the other liens are based continue to exist.

You have two choices to extinguish the debt, work out a deal or file bankruptcy.

I am not a bankruptcy attorney, but I would be happy to refer you to someone.

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Answered on 9/16/12, 12:45 pm


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