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Updated over 8 years ago on . Most recent reply

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67
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Arthur Mayer
  • Contractor
  • Rancho Cucamonga, CA
11
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67
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If a lien has been stripped from a BK...

Arthur Mayer
  • Contractor
  • Rancho Cucamonga, CA
Posted

Is it game over at that point if a loan becomes unsecured or is there any steps at that point as a lien holder to pursue the debt?  Can you hire an attorney or hire a debt collector?

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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,508
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23,418
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

The loan was "stripped" from the property, there is no longer a mortgage to enforce.

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