If a property goes into foreclosure will a City Landscaping Lien have to be paid by new owner or bank?
I have a short sale getting ready for an approval and the 1st Lien Holder will not pay for a City Landscaping Violation Lien. They state that in the State of CA the Sr Lien Holder does not pay for non subordinate liens and it is not allowed. If the home goes into foreclosure, will this lien get wiped out, or does the bank or future owner need to pay that lien? Thanks in advance for some assistance. I'm trying to get facts to take back to the asset manager.
Posted by Cory Rangel
Answered by Michelle
Thu Nov 17th 2011 at 3:38pm