What happens when the 2nd mortgage is forclosed on, but the homeowner is current on the first. What can the owner of the second do to collect money owed to them?
1. Pay off the first and take over the property
2. Or get a money judgement and collect by way of enforcement through attachment or garnishment
[addsig]
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One of two basic things.
1. Pay off the first and take over the property
2. Or get a money judgement and collect by way of enforcement through attachment or garnishment
[addsig]