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-   -   How do I close on a construction loan when there is a lien on my property (https://www.askmehelpdesk.com/showthread.php?t=59248)

  • Feb 1, 2007, 09:34 AM
    Gina123
    How do I close on a construction loan when there is a lien on my property
    I am 10 months pass the maturity date for my construction loan paying interest each month. I am litigation with the builder of my new home, he has put a lien on my home. I want to close on the construction loan and enter into permanent financing without paying the lien. We are in the process of discovery prior to trial. Can I get permanent financing without paying the lien?
  • Feb 1, 2007, 09:41 AM
    LisaB4657
    Speak to the loan officer handling your financing and the attorney handling the litigation. The lender may allow you to get a bond to cover the amount of the lien while the litigation is pending.

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