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Foreclosure Forum |
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jr. lien
My question is, if I buy a foreclosure from a first trust deed holder (senior lien holder), are the debts to the junior lien holders wiped out, or do I have to pay them off also to have sole title to the property? I read an article by Rob Bruss that suggested that if a first mortgage lender is foreclosing, any junior liens, such as a second, third or fourth mortgage secured by the property will be wiped out. Please help!
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