In the past I have asked for help regarding our property in Texas. Now I am asking another question. Our property consists of 6 acres in a 3000 acre ranch known as Tierra Linda. Several years ago when we needed to refinance our mortgage
on the property, we were provided a home equity
loan. To do this the mortgage company surveyed out one acre which contained the home. The bylaws of the HOA
do not permit subdivision of the properties on the ranch. In 2010 we stopped payment on the lien and also filed for bankruptcy. The lienholder, GMAC, proceeded with foreclosure and obtained an order to that effect. However, GMAC later entered into bankruptcy as well as their parent company.
In a a recent phone call, the attorney for the new lien holder, Green Tree, indicated that the foreclosure was no longer in effect, due to action by legal counsel of the HOA.
So now, we come to my question. Was the original home equity loan actually legal since it subdivided the property? If not, then is there any lien on any part of the property at this time. If not, are we owners of the property, free and clear?