Possible to take control via mechanic's lien on pre-foreclosure?
Hi guys. House worth about 1.7m is being foreclosed on in Fulton County, Georgia. City of Atlanta. Lender balance about 1m. Contractor has a mechanic's has a lien on the property for @200k. I believe the mechanic's lien was filed properly by a big law firm but is well aware that his lien will be extinguished if the first completes foreclosure. From what I can tell the contractor did the work and the house looks great. Strategy to take control? Any leverage value to buying the mechanic's lien for a discount? Doesn't that lien have right of first refusal to buy out the underlying debt at balance owed or something like that?