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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] A junior lien can foreclosure without regard of a senior lien Posted by Ward-CA- on September 26, 2003 at 12:36 AM In Reply to: I am the Junior Lien posted by Enrique on September 26, 2003 at 8:10 AM : If I finance someone who owns a property, and that property is being used as collateral. I would be the second lien though. What happens if the owner defaults on her payments to me but not to the senior. How can I try an get my money back if the senior lien has first right. ========================== Enrique, Every lien, regardless of its priority, can independently initiate a foreclosure for the sole purpose to force collection on just its own indebtedness. Hope this helps. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : If I finance someone who owns a property, and that property is being used as collateral. I would be the second lien though. What happens if the owner defaults on her payments to me but not to the senior. How can I try an get my money back if the senior lien has first right. : ========================== : Enrique, : Every lien, regardless of its priority, can independently initiate a foreclosure for the sole purpose to force collection on just its own indebtedness. : Hope this helps. Optional Link URL: Link Title: Optional Image URL: [ 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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