I'm sorry to be so uninformed when it comes to legalities.
One final clarifiation, can this satifaction of the lien be put off until the house is finally sold or can the trustee excercise the power to sell off my cousins portion at any time?
So no matter what my cousin owes, the trustee would get her entire share of the proceeds from the house? If she owed 20,000 and her share of the house is worth 300,000 the trustee would get the entire 300,000?
The botXXXXX XXXXXne is would it be harmful to my mom if my cousin fiels for bankruptcy.
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).