Sorry to hear all GREAT QUESTION. However in many instances 2nd lien holder is 2nd in lne over the 1st lien holder usually 2nd lien holders are SOL. You do have rights if the home is foreclosed, contact an attorney you will receive less than amount owed however 1st liens are usually satisfied. Selling the loan happen all the time. FYI THAT is why lending changed why loans 80/20 are thing of past 2nd lien were not getting paid to the lenders.