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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Wiped "Off," but not wiped "out" Posted by Rick, the Probate Guy on April 27, 2008 at 8:16 PM In Reply to: Re: Jr Lien posted by greg benjamin on April 27, 2008 at 10:23 AM The affect of junior lienholders subject to a senior lien sold at a foreclosure auction (trustee sale) is that it's wiped OFF, not OUT. The debt is not cancelled; only the security interest in the asset is extinguished. Follow Ups: Re: Wiped "Off," but not wiped "out" greg benjamin 9:20 PM, 04/27/08 (4) Attack the problem another way Tom 5:48 AM, 04/28/08 (1) Re: Attack the problem another way greg benjamin 4:54 PM, 04/28/08 (0) Some good bed time reading ! Guy 11:07 PM, 04/27/08 (1) Re: Some good bed time reading ! greg benjamin 4:57 PM, 04/28/08 (0) Post a Followup: Name : E-Mail : Subject : Comments: : The affect of junior lienholders subject to a senior lien sold at a foreclosure auction (trustee sale) is that it's wiped OFF, not OUT. The debt is not cancelled; only the security interest in the asset is extinguished. [ 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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