Fourth Place Lien Holder In Default

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Home » Forums » Consumers - Questions, Answers, Help » Foreclosures, Short Sales, etc. » Fourth Place Lien Holder In Default

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Post Statistics: 621 Views, 3 Replies
Latest Post: Sun, Dec 7 2008 5:26 PM by Kent Mikkola #353976

Mon, Nov 3 2008 4:44 PM

Anonymous

Fourth Place Lien Holder In Default

I am 4th place lien holder on a condo complex currently selling units in CA and the LLC is now in default. If I file a notice of default does that assure me that when the next condo sells my loan is paid off or even current if I called the note?

In Reply to This Post

Sun, Dec 7 2008 2:33 PM

hpmfinancial
(Hayden Gerson)

A fourth lien is very tough, is the condo upside down in value?

Hayden Gerson

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In Reply to This Post

Sun, Dec 7 2008 5:26 PM

kmikkola1
(Kent Mikkola #353976)

You might want to consult a Real Estate Attorney...

Kent Mikkola #353976

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Mortgage Consultant

M & M Mortgage, LLC #213677

kmikkola@themmmortgage.com

(651) 558-9807

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