Posted by HD on July 15, 2002 at 13:58:16:
My understanding is if you are a junior lienholder and decide to foreclose you are allowed to keep the first current by making payments on it. upon end of redemption period if any, you own the property sub to the first / senior liens.
Foreclosing on a junior lien - Posted by John McC
Posted by John McC on July 15, 2002 at 13:36:55:
If I hold a second or lower note and I need to foreclose what will the senior lienholders do with their loans? If I keep them current and such will they leave them in place for the long haul?