Lien on house: Convince creditor that house is worthless
Q My divorce was final two years ago, and in the divorce decree I was awarded the house. But prior to my getting a spousal transfer deed, one of my ex-spouse’s creditors put a lien on the house which prevented me from completing a short sale.
If one of us or both end up filing bankruptcy, which looks inevitable, is there any way to get the lien removed so the house can be sold and prevent a foreclosure?
A You’d have to convince the creditor that the house is worthless and there is no cash coming out of it. The creditor might be convinced by an appraisal of the property and a report that lists what other nearby homes have sold for.