Settlement Percentage of Subordinate Lienholder Post-Foreclosure?

2 Replies

@Chris Campbell

They are owed nothing by the new buyer.....their lien got wiped out by the foreclosure of the superior lien, assuming the the junior lien was properly named/served.....this is for mtgs, judgments etc.  If you are talking about an hoa debt, in many states their lien/debt is not affected, so they’ll be looking for the full amount.

Any specifics would help.