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Nesgroup address: misc.invest.real-estate - Date & Time for the message: /

Author of the message: ihaveenoughspamasitis@nospam.com

Title of the message:
Re: Code Violations Public Records

Text of the message:
On 14-Jun-2005, "Tyrone" <Tyrone@innercity.net> wrote:

> I have seen this type of lien go for many years without being satisfied.
> Once the lien is recorded, it affects any and all property owned by that
> owner within the same county.  He will not be able to sell his property
> without resolving the lien or posting a bond.  It is only in extreme
> circumstances that this type of lien is actually foreclosed.  They are
> also generally negotiable when selling.  This lien will also get wiped
> out in a mortgage foreclosure action with Code enforcement collecting
> the overbid money ahead of the owner.  If there is not enough overbid
> money, the balance of the lien is wiped out.  In the case of a tax sale,
> Code enforcement will have a claim ahead of the owner to overbid money.
> If there is not enough overbid to satisfy the lien, the lien will remain
> and be owed by the new owner.



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