Posted by JD on March 11, 2002 at 21:04:03:
A judgment against a home owner for jumping bail would be junior to the Deed of Trust, assuming the Deed of Trust were recorded prior to the judgment. The judgemnt wouldnt survive the sale. May be different in PA, but I doubt it.
foreclosures and judgements - Posted by John Watts -Pa
Posted by John Watts -Pa on March 11, 2002 at 19:38:48:
What happens when a bank forecloses on a property that has a big judgement that survives the sale?
Example: FMV $85,000
1st. mtg $60,000 Principal, interest and penalty
Lien $45,000 (County judgement for jumping bail) Still a fugitive.
Is the bank destined to take a big hit?