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  1. #1

    Default What Happens to the Lien Being Forclosed on

    My question involves a mortgage in the state of: CA

    To make things simple, there is only one lien (or loan) and it is being foreclosed and a 3rd party bought over the bidder price. The trustee then distributes proceeds to the lien holder. In what form will the lien show it is paid off from the lender? will the lender record the re conveyance?

  2. #2
    Join Date
    Sep 2005
    Location
    California
    Posts
    65,013

    Default Re: What Happens to the Lien Being Forclosed on

    The deed from the foreclosure sale would be recorded.

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