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Hi, thanks for your question. You should hire a lawyer for specific legal advice. No attorney client relationship is created here.
When a home is sold, it usually pays off all liens first, so the judgment lien may have been paid.
If so, the remainder will be paid based on the proof of claims that come in from your creditors.
If you listed IRS debt in the case, and you have a personal liability, and they file a claim, then they'll get priority treatment, and the remainder of the unsecured debts share pro-rata with any remainder
let me know if you have any further questions. thanks
There is a judgment debt lien attached to my home. If my home get sold at foreclose auction back to the bank at the lone balance amount, what happens to the judgment lien?
The trustee would have to pay off the judgment lien if it was a valid recording. Since there was equity, the trustee would not avoid (strip off) the lien.
The liens are either paid out or extinguished as part of a foreclosure action had it gone that route.
If my home is worth 1Mill and the first mortgage was 800,000 and the judgment lien is 300,000, will I get 100,000 homestead examption ad marrie couple before paying to judgment lien when the home gets sold at 1mill? Or will the judgment lien holder get paid the equity of 200,000 and no money left for homestead examption?
There is a judgment lien attached to our home. The judgment is against me only. Are they allowed to attach a lien on our home that are owned by me and my wife as joint tenant? The judgement is not against my wife.
There is a high amount judgment lien on my home. We are about to settle the debt as 5 year payment plan. Can I remove the lien once I start making payments or do I have to wait 5years to finish making payments to remove the lien on my home?
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