Re: implications of foreclosure on 2nd trust deed

Posted by NJD on July 23, 2008 at 13:15:35:

In Reply to: Re: implications of foreclosure on 2nd trust deed
Posted by Bob Gray on July 23, 2008 at 11:09:16:

New thread? Check with an attorney. Whether a non acquisition junior lien is extinguished by foreclosure, or not, I believe the debt remains. Forgiveness is subject to income tax.