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    Gina123's Avatar
    Gina123 Posts: 1, Reputation: 1
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    #1

    Feb 1, 2007, 09:34 AM
    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?
    LisaB4657's Avatar
    LisaB4657 Posts: 3,662, Reputation: 534
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    #2

    Feb 1, 2007, 09:41 AM
    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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