Re: Illinois Foreclosure - Junior liens
Posted by Nick(Colorado) on September 17, 2003 at 12:47:34:In Reply to: Illinois Foreclosure - Junior liens posted by Eric_IL on September 17, 2003 at 12:32:56:
Eric:
Under the conditions that you indicated, the holder of thesecond lien will get the 10K overbid from auction. Thegrantor of the note will still be liable for the 40K, asan unsecured debt. Unsecured debt may be discharged duringan BNK7/13.
- Re: Illinois Foreclosure - Junior liens - Eric_IL 14:06:29 09/17/03
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Comments:: Eric:: Under the conditions that you indicated, the holder of the: second lien will get the 10K overbid from auction. The: grantor of the note will still be liable for the 40K, as: an unsecured debt. Unsecured debt may be discharged during: an BNK7/13.Optional Link URL : Link Title :
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