Second Lien Extinguishment Clarification

Summary

A charged-off account in Kentucky does not automatically extinguish a second lien. The lien remains until it is formally released or satisfied. Negotiation with the lienholder or legal action may be necessary to resolve the issue. Consulting a local attorney can provide tailored advice and guidance on the necessary steps.

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Is a second lien extinguished when the account is charged off?
Hey Benjamin! In Kentucky, a charged-off account doesn't automatically extinguish a second lien. The lien remains until formally released or satisfied. You may need to negotiate with the lienholder or take legal action to resolve it. Have you considered consulting a local attorney for further advice on this matter?
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If you're dealing with a second lien and considering legal action or negotiation, consulting a local attorney can provide more tailored advice. They can help assess your situation and guide you through the necessary steps. Would you like assistance in finding a local lawyer who specializes in this area?
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