Lien Stripping Challenges

[cc8225]

Has anyone been challenged by your 2nd or 3rd on a lien strip. If so, what was the result? I owe 295,000 on my first it appraised at 285,000 and I have a second for 69k and a 3rd for 55k. What is the success rate if this is litigated?

[TooMuchCredit]

Has anyone been challenged by your 2nd or 3rd on a lien strip. If so, what was the result? I owe 295,000 on my first it appraised at 285,000 and I have a second for 69k and a 3rd for 55k. What is the success rate if this is litigated?

My 3rd initially objected, but right before the hearing agreed to the strip. My 2nd never responded nor showed up at the hearing so it was automtically stripped. My 3rd contested it was in 2nd position, but was not according to the county records. I think after seeing that and the appraised value was 20K under what was owed ont he 1st, they decided not to fight it.

[justbroke]

My lien strip was done without a hearing. Usually, if you do have a junior mortgagor respond that they object... they usually withdraw their objection before or at the hearing. It really is a waste of time, so I don't know why they do that... perhaps uninformed!

My 2nd didn't even object, and I did my by what's known as negative noticing!

[cc8225]

Thanks, hopefully I will have no objections but im concerned because im only 10,000 under the first in value.

[jwmc1]

my attorney told me he hasn't lost one yet...of course, I didn't ask him how many he has done