Wisp
join:2005-09-07
Bryn Athyn, PA
| reply to Book
Re: Apartment Complex Foreclosed on. Out $5K
As far as I know, once foreclosed, the bank does not need to pay you since you did not have a lien against the building. If you did, you would have been paid. The best thing you could do now is to put a machanics lien like superdog said, and when the bank goes to transfer the ownership to the new people, the title company will have to pay you to close the deal. Only way around that for the title company is to come to you and ask to release the lien.
This way, your debt is secure, also you would not piss off the new owners since the money to pay the lien is not coming out of their pockt. it is coming out of the bank pocket. |
