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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: foreclosure priority Posted by gc on June 03, 2009 at 6:25 AM In Reply to: Re: foreclosure priority posted by dond on June 03, 2009 at 5:45 AM ok, but in this case the senior is foreclosing, however the 2nd had the NOD recorded first. Is that a problem for the senior? Thanks in advance. GC : Can a first trust deed do a foreclosure when HOA recorded their NOD first? : : gC : Any lienholder can initiate a foreclosure of his lien at any time, without consulting with other lienholders. : Once he does initiate foreclosure, however, he must notify all junior lienholders. : Dond Follow Ups: an NOD is just that... a Notice, it is not the position, so Dawn 8:40 AM, 06/03/09 (0) Re: foreclosure priority DOND 8:36 AM, 06/03/09 (0) Post a Followup: Name : E-Mail : Subject : Comments: : ok, but in this case the senior is foreclosing, however the 2nd had the NOD recorded first. Is that a problem for the senior? : Thanks in advance. : GC : : Can a first trust deed do a foreclosure when HOA recorded their NOD first? : : : gC : : Any lienholder can initiate a foreclosure of his lien at any time, without consulting with other lienholders. : : Once he does initiate foreclosure, however, he must notify all junior lienholders. : : Dond [ 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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