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Old 07-11-2008, 05:23 PM
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liens on property

What is the name of your state (only U.S. law)? Pennsylvania

I own a rental property. It is presently vacant. It has a first mortgage and a second mortgage lien. I filed for bankruptcy and included these in the petition. My discharge was received in June 2008. The property is about to go to sheriff's sale in August 2008. If I want to stop this sheriff's sale and the foreclosure process from continuing and want to keep the property and work out a new mortgage with the first lien position, will the second lien need to be considered since my discharge included both of them...
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Old 07-11-2008, 05:25 PM
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A lien going into bankruptcy is a lien coming out of bankruptcy.

You will probably have to deal with both lienors.
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  #3  
Old 07-11-2008, 06:20 PM
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The secured lien is not eliminated, it is still secured by the real estate. You can't do anything with the real estate without dealing with the mortgage.
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  #4  
Old 07-14-2008, 10:55 AM
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lien question?

first mortgage has released you and second put a lien on you? how much is the lien?
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