Posted on: 29th Oct, 2008 06:59 am
I am going through the Foreclosure process, which was iniated by my mortage lien holder. I have 2 personal Judgments on title as well as a Federal Tax Lien. What will happen to the Judgements and Lien when the process completes?
If they are tax liens, tax liens always take first lien position when a foreclosure occurs - the tax liens would more than likely be included in your foreclosure balance.
If they are judgements other than tax liens, typically they are going to follow you until you purchase another property and the county would then replace the judgements on the new property.
In either case, at some point both tax liens and/or judgements will catch up wtih you and appear on your credit report if they are not already on there.
If they are judgements other than tax liens, typically they are going to follow you until you purchase another property and the county would then replace the judgements on the new property.
In either case, at some point both tax liens and/or judgements will catch up wtih you and appear on your credit report if they are not already on there.