buying a home in foeclosure when the forclosure is the secnd
Posted by mark on March 29, 2006 at 19:44:54: i am bidding a property which is being foreclosed on by the second mortgage and there is still a first in place . the second is 38k and the first is 168k. so if like i bid 100k and i win will the overage of whats due to the second go to the fisrt mortgage to pay down or will it go to the owner who defaulted. thanks
Follow Ups:
- Mark, answered this on another board for you (nt) - Bill H 22:09:34 03/29/06
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