Thank You Everybody,
The Short sale started 2 years ago, the property was in foreclosure and had a sale date a few month ago. The owner filed for bankruptcy and stopped the sale. The short sale continued and finally was approved last week. The judgment was placed on October of 2013. Preliminary title ordered at the very beginning. The owner had a business years ago and final decision in court was giving last year. Judgment of $10,000,000 was granted to the plaintiff. We are still not sure how they manged to place a lien of such a huge amount on a property that worth less then $500,000. I found the lien holder, explained him what happened, but he will not release the lien without paying him at least $100,000 even though we have nothing to do with it. My attorney is looking to find documents proving they had the right to place the judgment on the property. Now, comes a second surprise... Bank attorney managed to lift the stay and now has a sale date September 16.
If the lien holder will not settle for something reasonable and the property will go to auction, we both lose!
