West Alton Marina manager arrest for alleged sex crimes

winni83 · 05-21-2022, 02:12 PM

The existence of the mortgage and the attachment liens, if they are upheld, will certainly impact any voluntary sale. But a foreclosure of the mortgage will extinguish the attachments, with the proviso that any excess foreclosure sale proceeds above the amount owed to the mortgagee will go first to valid junior lienors and then to the owner. This assumes that taxes and other municipal liens are current. Candidate for a Chapter 11 filing?

05-21-2022, 02:12 PM	#11
winni83 Senior Member Join Date: Nov 2009 Location: Moultonborough, NH Posts: 439 Thanks: 17 Thanked 218 Times in 138 Posts	The existence of the mortgage and the attachment liens, if they are upheld, will certainly impact any voluntary sale. But a foreclosure of the mortgage will extinguish the attachments, with the proviso that any excess foreclosure sale proceeds above the amount owed to the mortgagee will go first to valid junior lienors and then to the owner. This assumes that taxes and other municipal liens are current. Candidate for a Chapter 11 filing?