A lender has a mortgage lien. What is a lien and does it affect my bankruptcy case?
Mortgage holders usually will record a lien and that is recorded with the County Recorder and the lien is a Deed of Trust when you sign in escrow you sign a note and that is secured by that Deed Trust recorded with the County Recorder. And it is the evidence that shows that the house is secured. If you continue to make your monthly payments on a home you can keep it. If in fact you fall behind on the monthly payments you can catch up those monthly payments, of course, and the lien never goes away until it’s paid off completely. So if you file for bankruptcy it does not distinguish the lien you still must maintain the monthly payments on your house.
