[WSBARP] Questions about liens at foreclosure

[Scott Hildebrand]

Title Gurus,

I have aa client who has acquired a note where non-judicial foreclosure has
been initiated. The property also has a lien on it from the DOR. Questions:

 

1.	If the foreclosure process has started, then the note is sold, does
the foreclosure have to start all over, or can they pick up where the seller
left off?

 

2.	If the 1st forecloses, does the DOR lien get wiped out, or is there
some super priority for government agencies?

 

3.	If they go to foreclosure, can a lien holder set a reserve price
above the amount payable including fees and costs?

 

4.	Will the DOR negotiate for payment less than full? (I know this is a
judgment question, but have you experienced a willingness to negotiate?)

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