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Implications of Failure to Properly Notice Junior Lien Holder

Posted by Rob on March 24, 2002 at 4:40 AM

Ward,

In the event a senior lienholder fails to give notice of a foreclosure to a junior lienholder (i.e., the junior lienholder is not made a defendant in the foreclosure lawsuit), and the property is subsequently sold at auciton, what are the junior lienholder's remedies, and, most importantly, what are the implications to the third-party buyer?

Thanks


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