My investment property was sold at foreclosure and they gave me a 1099 Cancellation of Debt, so why are they putting a lien on my house and what paper work do i have to do to fight it
That's a great question and one we get frequently. Mechanics liens are powerful tools to get construction industry participants paid, yet they can be abused. Property owners or other interested parties may need to take steps to have an insufficient lien removed. There are a few options a party may pursue when a lien is filed against their property. Three of the most common options include:
1. Immediately dispute the lien
2. Force the claimant to file suit and enforce the lien in a shorter period
3. Just wait it out
The Levelset post in regards to fighting an invalid lien can be found here. Good luck!
The 1099 Cancellation was issued in 2019.
So that debt was forgiven and I had to pay taxes on it. My question is why are they allowed to put a lien on me for the same amount as the 1099 Cancellation of debt. They can get paid twice ?