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Collecting on lien during bank forclosure

 
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lutherbeau



Joined: 08 Nov 2012
Posts: 10

PostPosted: Thu Nov 08, 2012 4:26 am    Post subject: Collecting on lien during bank forclosure Reply with quote

I have a judgement lien on a contractor that has been in the courts and cost me over $28,000 in attorney's fees.

He has declared bankruptcy and the house I have a lien on (his half ownership of the property) is going into bank foreclosure.

He has approx 10 years equity in house that he is walking away from after it has been on the market for a year.

Does this mean I will be unable to collect anything he owes me on the judgement lien?
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