Foreclosing on a Property I Own Liens On

[Shane Roberts]

Hi All,

I am looking for an attorney who can help me with foreclosing on a property I own liens on. This property has both County Tax Liens and City liens for code violations. Looking specifically for someone with experience in foreclosing on the City liens.

Thanks!

-SR

[David Chung]

Quote from @Shane Roberts:

Quote from @Benjamin Krebs:

If the lien is from the City wouldn't the city be the one to initiate the foreclosure? 

 They City recently passed an ordinance to sell some liens (typically on abandon properties) to the public at auction. I am trying to find the exact language on the website, but it includes a phrase about the purchaser of the lien being solely responsible for collecting on the debt. When I spoke with the City Attorney she mentioned this is can be done by pursuing the individual for the money or by foreclosing on the property. She was scarce with details.

This sounds similar to a tax lien. Be careful to do your due diligence on your recovery.  That said, any attorney who does foreclosures on behalf of banks and financial institutions should be able to handle this for you.  Typically you can ask an experienced REO Real Estate broker for a referral.  Title insurance companies will also have good recommendations.