<\/span><\/h3>\nA mechanic’s lien holder can negotiate with the mortgage lender in a foreclosure to try to reach a settlement that satisfies all parties involved. An agreement may involve a partial payment or a release of the lien.<\/p>\n","protected":false},"excerpt":{"rendered":"
When a property goes into foreclosure, the mechanic’s lien is typically wiped out, meaning the lienholder loses their rights to the property. The lienholder may still be able to pursue other legal avenues to collect the debt owed to them. What is a mechanic’s lien? A mechanic’s lien is a legal claim placed on a … <\/p>\n
Read moreWhat happens to a mechanic\u02bcs lien in a foreclosure?<\/span><\/a><\/p>\n","protected":false},"author":52,"featured_media":107420,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86279],"tags":[],"class_list":["post-206765","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-learn","no-featured-image-padding"],"yoast_head":"\nWhat happens to a mechanic\u02bcs lien in a foreclosure?<\/title>\n<meta name=\"description\" content=\"When a property goes into foreclosure, the mechanic's lien is typically wiped out, meaning the lienholder loses their rights to the property. 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