Will This Lien Survive The Foreclosure?

Hello everyone, I have a quick question:

In a state of NJ if the there is a judgment (Certificate of Debt) from the state of NJ against the estate of the homeowner for a $ 126,000 and I am currently holding Mortgage / Note in a 1st position that is being used to foreclose on the property, does this judgment survives a foreclosure?

Really need to know an answer to this quickly or the whole deal falls apart.

Thanks!

PerlUser.

Comments(1)

  • RonaldStarr4th October, 2004

    PerlUser--(NJ)------------------

    I recommend you either consult with a local real estate attorney about this, or else starting reading up on the topic, either on online statutes or else in books in the local law library.

    Good Investing***********Ron Starr********

Add Comment

Login To Comment