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Updated about 11 years ago on . Most recent reply

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Mike S.
  • Investor
  • Los Angeles , CA
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Question about a Judgement Lien in CA

Mike S.
  • Investor
  • Los Angeles , CA
Posted

OK here is the situation a CA property has 3 liens the first 2 being private lenders and the third is a judgement lien. The property has very little equity if the the judgement is paid in full (along with the first 2 liens). Other than negotiating directly with the third lien holder to reduce the lien amount are there any other courses of action one can take to clear the judgement or put pressure on the 3rd lien holder to take a much smaller payoff amount.

What if any actions can I take to pressure the 3rd lien to accept a substantially reduced payout or better yet clear the title entirely?

Hopefully some of the Title experts will chime in

@Account Closed

@Account Closed

@Rick H.

@Bill Gulley

Thanks!

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Bill Gulley#3 Guru, Book, & Course Reviews Contributor
  • Investor, Entrepreneur, Educator
  • Springfield, MO
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Bill Gulley#3 Guru, Book, & Course Reviews Contributor
  • Investor, Entrepreneur, Educator
  • Springfield, MO
Replied

Put pressure on them? Sure, if the first or second is in default and you use the F word (foreclosure). Other than that, negotiate, a bird in hand is worth two in the bush. :)

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