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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Simple rule Posted by Ward-CA- on May 03, 2008 at 0:51 AM In Reply to: Sr lien foreclosed after Jr lien foreclosed posted by First timer on May 01, 2008 at 12:37 AM The rule is that the foreclosure of a senior lien will wipe off title all junior liens and ownership interest. --------Ward ============== : I understand that liens are assigned priority based on when they are recorded and that if you purchase a Jr lien you are responsible for the Sr. But that, if you purchase a Sr lien all other non tax related liens are wiped out. My question is: Does this hold true in the event that a Jr lien is foreclosed and sold to the lender then the Sr lien is foreclosed? If I purchase this Sr lien am I some how responsible for the Jr Lien? The auction is on May 6th and is located in Georgia. : Thanks All! Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : The rule is that the foreclosure of a senior lien will wipe off title all junior liens and ownership interest. : --------Ward : ============== : : : I understand that liens are assigned priority based on when they are recorded and that if you purchase a Jr lien you are responsible for the Sr. But that, if you purchase a Sr lien all other non tax related liens are wiped out. My question is: Does this hold true in the event that a Jr lien is foreclosed and sold to the lender then the Sr lien is foreclosed? If I purchase this Sr lien am I some how responsible for the Jr Lien? The auction is on May 6th and is located in Georgia. : : Thanks All! [ 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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