What to do if a property has been liened due to a co-owner's dets?
Question Details: I discovered during a mortgage refinancing attempt that a $50,000 judicial lien had been placed on my homestead property due to the debts of a co-owner. The co-owner is an unemployed, disabled military veteran. The veteran co- owner has now filed for bankruptcy. What options do I have as the non-debtor partial owner to get the judgment lien removed from the title? I do not have $50,000.
You will not be able to refinance the property until the recorded lien is removed from the home you jointly own with the judgment debtor. Possibly the bankruptcy filing of the co-owner may result in the judgment being discharged where you will be able to refinance the parcel.
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