Re: Both First and Second Lien Holders. Help For You.

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: QCN Financial

: Hello,
: My name is Phyllis, I'm a Note Investor.I'm interested in helping you cash out any notes,  Real Estate Notes , promissory notes, 1st and 2nd Mortgage Notes,  It would be a pleasure assisting you in your time of need. 

: I Buy Cash Flow Notes Nationwide:

: And MANY Other Cash Flows .
: Privately Held Real Estate Notes (resulting from the sale of real estate or any transaction secured by real estate) 
: * Commercial or Residential
:  * Mortgage Notes 
: * Deed of Trust 
: * Land Contracts 
: * Contract for Deed 
: * Mobile Home Notes WITH Land 

: Contact information: 
: P.H. Miller: Real Estate Note Investor 
: QuickCash4U@earthlink.net
: Telephone: 248-683-9213 
: 9-5pm

: 
: : :   To protect their interest in the property the second may now 
: : : buy-out or reinstate the first. If they do not want to go this route 
: : : they may go to auction before the first, wait out the ten days, get 
: : : the deed, then do a buy-out or reinstatment of the first. Only if the 
: : : first goes to auction before the second, and then the second does 
: : : not redeem, do they lose interest in the property.
: : :  

: : 
: : In your scenario:

: : 1. Second TD forecloses and takes over the property subject to the first.

: : 2. If second does nothing to reinstate or pay off the first or negotiate with them and first goes to foreclosure; the second will be wiped out.

: : 3. Liens have priortity based on their position. The first is first, the second is second, etc. Anything junior to the foreclosing lien is, with certain exceptions, wiped out at the foreclosure sale.


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