Posted on: 02nd Jul, 2009 01:29 pm
I aquired my property in 2007 and my bank found a line or judgement agaisnt my property and my bank needs the judgment released. I found the company that no longer exists, they were bought by Providian and then washington mutaul and now Chase Manhattan has bought them, so they show that infact there is a debt but show no lien or judgment against my property and I also went to my county assessor and they also show no lien against my property, so why is my back telling me there is a judgment against the property? What do i do do get this released, so i can satisfy my banks needs? Please let me know. Thank you very much.
Hi Jamie,
As your creditor still holds the debt for the property, I guess, the bank is considering it as a lien and wants it to get released. In my opinion, you should pay off the debt and ask your creditor to issue a lien release certificate in your favor. You can then record the lien release certificate at the county recorder's office. Then, you should submit a copy of your lien release certificate to your lender and satisfy the bank's need.
Thanks
As your creditor still holds the debt for the property, I guess, the bank is considering it as a lien and wants it to get released. In my opinion, you should pay off the debt and ask your creditor to issue a lien release certificate in your favor. You can then record the lien release certificate at the county recorder's office. Then, you should submit a copy of your lien release certificate to your lender and satisfy the bank's need.
Thanks