General Discussion - construction liens and foreclosers - Canada

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construction liens and foreclosers

Postby Nosonofmine » Mon Sep 22, 2008 07:31:46 PM

My son started his own pool construction co. 3 years ago. We had, I said Had, friends who wanted a pool so my son installed a pool for them for about 9k less than the going rate in our area. NOt only that, we lent out about anther 4k to finish thier sod and stuff around the pool..They ended up having marital problems and in the end did not pay for the pool. My son put a 11k construction lien on the property.. 2 years later the house foreclosed to the original mtging bank. The property is not worth the moneies owed on it, let alone the 11k my son is owed. We just found out another family is living in it and we aren't getting answers from either the lawyer who dealt with the forecloser or the original mtging bank. How on earth did they sell it so fast without my son signing off the constructio lien, which was perfected a year ago.
Nosonofmine
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