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Foreclosure Forum |
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Re: jr. lienIn Reply to: jr. lien posted by Dominique on May 31, 2003 at 7:20 PM : 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! Dominique, Can you let me know if you find out anything about who is involve in get ridding of the live-in home owner? John Follow Ups: Post a Followup:
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