Posted by California Chris on September 18, 2007 at 21:14:13:
In Reply to: Clarification on 2nd posted by Jen on September 18, 2007 at 16:21:30:
The second lender will almost certainly come after you. The "one action rule" does not apply because these are two separate deeds of trust. As you suggest, the second lien will be extinguished, but if the amount owed is not satisfied through excess proceeds from the sale, they will look to you to pay the difference... Follow Ups:
