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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Does it ever make sense to buy a Second Mortgage being foreclosed? Posted by jock on May 15, 2002 at 11:16 AM I am curious about whether or not investors ever choose to buy a second mortgage if the overall market value of the property would justify it? If you do purchase the second, does that mean you would own the deed to the property free and clear once all other senior liens (including the first mortgage of course) are paid off? Pitfalls? Thanks! Follow Ups: Yes, sometimes it does.... Ward-CA- 6:28 AM, 05/16/02 (0) Post a Followup: Name : E-Mail : Subject : Comments: : I am curious about whether or not investors ever choose to buy a second mortgage if the overall market value of the property would justify it? : If you do purchase the second, does that mean you would own the deed to the property free and clear once all other senior liens (including the first mortgage of course) are paid off? Pitfalls? : Thanks! Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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