Owner Of 2nd
What exactly happens when the owner of a 2nd forecloses of the property? I thought I had a potential short sale and they contacted me way to late. The 2nd already had title to the property and was in the process of evicting them. Once it goes to the court the 2nd has to pay the 1st prior to taking the property correct. And the second needs to move because if the 1st forecloses they could be screwed. Or am I missing something.
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