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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Huh? Care to restate your query more clearly? (NT) Posted by Mark H. on November 05, 2009 at 8:38 AM In Reply to: Huh? Care to restate your query more clearly? (NT) posted by Rick, the Probate Guy on November 04, 2009 at 5:13 PM : : The owner provided a second, after the first by the mortage company. Something is nagging me from a prior discussion I cannot find...i.e. : : Does the owner have second priority, even if they provided the down payment to the owner for his first? Sorry. My question is "Does the seller, if he provides a second deed of trust (loan) to the buyer get any special consideration over the bank that provides the first? In other words, is the seller in a jr position to the bank?" I would assume that nothing changes in loan priority. IE if the bank forecloses, the 2nd has no protection and is wiped off. Correct? Follow Ups: Re: Huh? Care to restate your query more clearly? (NT) Verve 9:08 AM, 11/05/09 (0) Re: Huh? Care to restate your query more clearly? (NT) Kristine-CA 9:04 AM, 11/05/09 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : : The owner provided a second, after the first by the mortage company. Something is nagging me from a prior discussion I cannot find...i.e. : : : Does the owner have second priority, even if they provided the down payment to the owner for his first? : Sorry. My question is "Does the seller, if he provides a second deed of trust (loan) to the buyer get any special consideration over the bank that provides the first? In other words, is the seller in a jr position to the bank?" : I would assume that nothing changes in loan priority. IE if the bank forecloses, the 2nd has no protection and is wiped off. Correct? [ 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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