You may have been the benefactor of a mistake by the bank- if they had done a proper title search and named you in the foreclosure, you would have been swept aside and collected nothing.
Perhaps the bank allowed the debtor to deed the property back to them in lieu of foreclosure, and were aware of your lien, but it was small enough that they were willing to assume and pay it rather than go through the cost of a foreclosure.
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
... [Read Article]
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