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Updated almost 9 years ago,
Question on lien positions
Pardon the lack of knowledge on this but I have a question concerning lien holder positioning.
If a person places a creditor lien claim on a property, then later there is a transfer of ownership (quit claim) as by from grandparent to grandchild...Will or can that lien holder issue any adverse action on the new owner?
Generally we know that the purpose of a lien is so that the lien holder can have a claim to said property. In the event of a sale, title companies would find the liens so that they are paid in order accordingly ie... 1st, 2nd 3rd position. In this case it's not a traditional sale but rather a transfer from grandparent to grandchild. So can the creditor do anything else that would have an affect on the new owner?