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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Don't take this the wrong way, but you seriously ought to think about hiring a bankruptcy attorney here. This isn't a particularly complicated matter, but it could be easy to screw up. I don't think it'd cost you very much to get this handled, as bankruptcy attorneys are fairly inexpensive and you'd be a great client (i.e., you'd pay).
(It sounds to me like what you are proposing is simply a settlement of the estate (i.e. all creditors get paid, at least in part, and sign off on the distribution) as opposed to a motion to compel abandonment, which is a request to compel the trustee to give up a claim to an asset that could be part of the estate.)
