I'm in the process of doing a loan modification with suntrust bank since July 2012. I received a call from the bank saying that there was a lien on the property from a credit card company. They cannot move forward with the loan modification because of this lien. The home is presently in the foreclosure process. The family was served with the foreclosure in October/2012.
Q-Should the seller take care of this lien so the bank can continue with the loan modification or should the lien stay and thus prevent the bank from foreclosing on the property sooner? Should the seller file for bankruptcy and get rid of the credit cards debt?