Foreclosure in Camarillo : Questions & Answers

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Joanne Fraser, Real Estate Pro in Los Altos, CA
Joanne Fraser answered:
could the first lien be settled after it forecloses?
When the second lien holder forecloses he must keep the 1st current otherwise the first can foreclose and the second is out of luck.
0 votes Share Flag Fri Jul 18, 2008 Foreclosure in Camarillo, CA
Barry Shapiro, Real Estate Pro in Camarillo, CA
Barry Shapiro answered:
what happens to the first lien when the second forecloses??
The first position mortgage lien holder will trump a foreclosure by a subordinate 2nd or 3rd lien-holder. However, in the event the first mortgage is for substantially less than the va ... more
0 votes Share Flag Sat Apr 24, 2010 Foreclosure in Camarillo
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