Posted on: 18th Dec, 2009 02:44 pm
who has the lien if collection agency has the loan? Bank or Collection agency?
Hi Phillip,
If the bank has sold off the debt to the collection agency, the agency will hold the lien on the property. They will have the right to come after you in order to satisfy the lien.
If the bank has sold off the debt to the collection agency, the agency will hold the lien on the property. They will have the right to come after you in order to satisfy the lien.
this has been an answer the bank will not acknowledge to me....