Monday, March 19, 2012

What will happen to a judgment lien on my ... - Finance information

Question by American_Nawaab_786 : What will happen to a judgment lien on my residential investment property after I file bankruptcy personal ?
I have a judgment lien on a residential investment property that I own 25% of. This is the only RE that I own. The mortgage on the property is $ 115k, $ 110k is the estate and the property is valued at $ 200k. If I file bankruptcy personal (Chapter 7), will the lien be removed? What if I sell my share to my partners, do they have to pay the full amount of the lien? Does the estate remain with the property even though I sold my share? Best answer:

Answer by Greg M
What state are you in?

Add your own answer in the comments!

Source: http://www.lovefinanceinfo.com/2012/03/what-will-happen-to-a-judgment-lien-on-my-residential-investment-property-after-i-file-bankruptcy-personal/?utm_source=rss&utm_medium=rss&utm_campaign=what-will-happen-to-a-judgment-lien-on-my-residential-investment-property-after-i-file-bankruptcy-personal

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