Foreclose question

Posted by Guy T. on August 04, 2006 at 14:12:26:

I live in Maine. I am in the foreclosure stages and have a question. I have a 1st and 2nd mortgage. The 1st is current and the 2nd is foreclosing I have been served with a summons and complaint and do not plan on attending. Now I know they will get a judgement and then I start the 90 day redemption period. My question is befoe the 2nd mortgager is allow to sell my property at public auction after the redemption period is over, do they have to pay off the 1st mortgager holder.

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: I live in Maine. I am in the foreclosure stages and have a question. I have a 1st and 2nd mortgage. The 1st is current and the 2nd is foreclosing I have been served with a summons and complaint and do not plan on attending. Now I know they will get a judgement and then I start the 90 day redemption period. My question is befoe the 2nd mortgager is allow to sell my property at public auction after the redemption period is over, do they have to pay off the 1st mortgager holder.


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