Legal Question in Real Estate Law in Nevada
what happens when a house has a lien put on it and the house goes into forclosure
Asked on 1/14/10, 6:36 pm
1 Answer from Attorneys
Paul Malikowski
Malikowski Law Offices, Ltd.
The lien gets paid, if the foreclosure sale generates enough proceeds. If not, the lien is foreclosed out, like the owner's interest. The lienholder usually is entitled to notice of the foreclosure, and can protect its interests by curing the default or bidding at the foreclosure sale.
Your attorney can explain further.
Answered on 1/19/10, 7:14 pm
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