Secured Interest

[Knowledge]

Jurisdiction

Maryland

What is the process of liquidating on a lien, if there is a security interest in real property?

 

[Tax Counsel]

What is the process of liquidating on a lien, if there is a security interest in real property?

That depends on (1) what type of lien it is; (2) what you mean by "liquidating" the lien; (3) what kind of security interest exists against the property; and (4) what date each lien/security interest in the property was perfected.

 

[adjusterjack]

What is the process of liquidating on a lien, if there is a security interest in real property?

Um, how about paying it off and getting a lien release from the creditor?