Does anybody know what happens after the sheriff’s sale when the junior lender forecloses and the first mortgage is still current? Who gets title the property following the sheriff’s sale assuming no investor buys it?
Thanks,
Paul
Does anybody know what happens after the sheriff’s sale when the junior lender forecloses and the first mortgage is still current? Who gets title the property following the sheriff’s sale assuming no investor buys it?
Thanks,
Paul
the 2nd mortgage holder, however, typically, the 1st would buy it out at the auction or pay it off during redemption.