Re: foreclose on second only

Posted by njd on October 18, 2006 at 05:43:05:

In Reply to: forclose on second only posted by jeff on October 17, 2006 at 20:07:41:

"How can the 2nd go to sale without the first preceeding it?"

The second will simply foreclose the homeowner's interest and rights without disturbing the first mortgage. The successful bidder at sale will own the property subject to the first mortgage, and any redemption rights.

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: "How can the 2nd go to sale without the first preceeding it?"

The second will simply foreclose the homeowner's interest and rights without disturbing the first mortgage.  The successful bidder at sale will own the property subject to the first mortgage, and any redemption rights. 

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