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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] an NOD is just that... a Notice, it is not the position, so Posted by Dawn on June 03, 2009 at 8:40 AM In Reply to: Re: foreclosure priority posted by gc on June 03, 2009 at 6:25 AM the Senior would still be the Senior over any Juniors and would still be outstanding and a cloud on the title, which anyone buying the prop would have to deal with. A title rep would be more than happy to give you some info, just be nice enough to return the favor with some business. : 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 a Followup: Name : E-Mail : Subject : Comments: : the Senior would still be the Senior over any Juniors and would : still be outstanding and a cloud on the title, which anyone : buying the prop would have to deal with. A title rep would be : more than happy to give you some info, just be nice enough to : return the favor with some business. : : 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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