I am not sure I understand what happened, but I will give it a shot. You stopped making payments on the first and the second. The second started the foreclosure and incurred fees and costs and the second was the winning bidder. The second did not tell the first because they did not want to payoff first. They want to sell the property to mitigate their loss and will be required to pay off first and additional interest when property closes. The second should of paid off the first when the they foreclosed. There is no extra money at this point, however, if the proceeds received when the property closes, you or other lien holder would be entitled to those proceeds(this is something an attorney in your area would have to resolve). The first should of known about the second if they started foreclosure. The second would have a reported lien and the foreclosure would show up on the title too.

Hope this helps

Keith Manson
First Weber Group
Certifed Distressed PRoperty Expert
Greenfield,Wisconsin

There is something wrong with this picture. Call a lawyer.

Wholly mackerel do you have a whopper with that scenario. You must speak to an attorney that specializes in foreclosures, mortgages, deceptive business practice, collusion, fraud or worse. I'm so sorry for you. There is nothing a Realtor or real estate web site such as this will be able to provide for you except more replies instructing you to seek legal counsel ASAP!!

Diane Wheatley, Broker
diane@moveupproperties.com
(909) 815-4499