Quote:
Originally posted by Spanky
Yes liens equal mortgages. If by perfected you mean paid off then yes. The only issue is that of the third mortgage. For the third mortgage I will not pay them the full amount but they will agree to that take that amount to cure the lien (pay of the mortgage).
Every other mortgage, and taxes etc. will all be paid off in full.
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By perfected I meant recorded.
I am not a bankruptcy attorney (and don't want to be, no offence) so I am not sure where Hank's question was going other than as to whether the Trustee has notice of the mortgage, i.e. if its unrecorded maybe he doesn't know about; and the priorities involved.
