So, if I purchase a 2nd deed of trust when the first is going to sale do I just show up and pay to bring the first current? Does the 3rd get wiped out then?
The 3rd is still in the same priority as he was. Right behind the 2nd. If you hold the 2nd and pay off the 1st, You will advance to 1st, with the 3rd holder now in 2nd place. He will love you for it!
have your cashiers check ready but keep in mind the 3rd can buy you out too.
The 3rd is still in the same priority as he was. Right behind the 2nd. If you hold the 2nd and pay off the 1st, You will advance to 1st, with the 3rd holder now in 2nd place. He will love you for it!