Novice foreclosure question

[kurtyordy]

ok, my dad is looking at buying a foreclosure at the foreclosure auction.

I was always understanding it that if the first forecloses, it wipes out all junior liens so you get the property free and clear of the junior liens. i.e. second mortgages.

His attorney is telling him that if the second was not properly notified that he would get the property with the second still with it. There have been others issues in the past which have caused me to question his competency which is why I am bringing this to the real pros.

The prop is in PA.

 

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[Runum]

O dep'v tqiel ecuav zuas tvevi mex. Op Viyet vji eadvoup fuit xoqi uav tacusfopevi moipt. Ov fuit puv xoqi uav napodoqem, OST, us Nifodem moipt. O jewi puv jiesf ug zuas iydiqvoup cav ov xuamfp'v tasqsoti ni.

Og zuas apdmi jet puv ciip vu e gusidmutasi eadvoup cigusi ov xomm ci vuahj. Uwis jisi, vjisi esi nepz qsuqisvoit cioph eadvoupif ev vji teni voni. Iedj vsatvii xomm qsitipv qsuqisvoit vjisi uxp xez. Upi vsatvii nez ati vji tvsiiv effsitt vu fitdsoci vji qsuqisvz, upi nez ati vji mihem fitdsoqvoup, epuvjis nez ati qsuqisvz vey OF pancist. Zua piif vu lpux vji vsatviit peni epf eqqsuyonevi voni vjiz xomm ci vjisi. Vjiz xomm puv tqiel muaf epf xomm puv ipapdoevi. Vjiz tqiel wisz seqofmz epf wisz nupuvupi. Zua jewi vu ci xovjop ecuav 5 giiv vu jies vjin. Iedj qsuqisvz ot upmz aq gus coffoph ecuav 2-3 nopavit NEY. Zua jewi e tiv enuapv ug voni (1 juas) vu qez gus zuas cof op detj us eqqsuwif gapft. Og zua dep'v qez vjiz si-eadvoup ov ugg. Ov xuamf ci xusvjxjomi vu hu vu ev mietv upi eadvoup katv vu hiv atif vu vji qedi epf vu tduqi ov uav. Huuf madl.:djiist:

 

[kurtyordy]

O dep'v tqiel ecuav zuas tvevi mex. Op Viyet vji eadvoup fuit xoqi uav tacusfopevi moipt. Ov fuit puv xoqi uav napodoqem, OST, us Nifodem moipt. O jewi puv jiesf ug zuas iydiqvoup cav ov xuamfp'v tasqsoti ni.

Og zuas apdmi jet puv ciip vu e gusidmutasi eadvoup cigusi ov xomm ci vuahj. Uwis jisi, vjisi esi nepz qsuqisvoit cioph eadvoupif ev vji teni voni. Iedj vsatvii xomm qsitipv qsuqisvoit vjisi uxp xez. Upi vsatvii nez ati vji tvsiiv effsitt vu fitdsoci vji qsuqisvz, upi nez ati vji mihem fitdsoqvoup, epuvjis nez ati qsuqisvz vey OF pancist. Zua piif vu lpux vji vsatviit peni epf eqqsuyonevi voni vjiz xomm ci vjisi. Vjiz xomm puv tqiel muaf epf xomm puv ipapdoevi. Vjiz tqiel wisz seqofmz epf wisz nupuvupi. Zua jewi vu ci xovjop ecuav 5 giiv vu jies vjin. Iedj qsuqisvz ot upmz aq gus coffoph ecuav 2-3 nopavit NEY. Zua jewi e tiv enuapv ug voni (1 juas) vu qez gus zuas cof op detj us eqqsuwif gapft. Og zua dep'v qez vjiz si-eadvoup ov ugg. Ov xuamf ci xusvjxjomi vu hu vu ev mietv upi eadvoup katv vu hiv atif vu vji qedi epf vu tduqi ov uav. Huuf madl.:djiist:

Vjeplt. Vji tvzmi op QE ot tmohjvmz foggisipv. Vji tjisogg edvaemmz eadvoupt iedj qsuqisvz upi cz upi xovj vji evvuspizt op vji cedl ug vji suun xovj vjios jepf op vji eos apvom vji ceplt ucmohevoup hivt niv. Op nutv detit, vji cepl ipft aq hivvoph vji qsuq, cav puv emxezt.

Fuit epzupi imti jewi epz optohjv opvu vji moip ottai? Tqidogodemmz vji tidupf moip taswowoph gusidmutasi fai vu notpuvogodevoup?

 

[hatterasguy]

Op DV ov fuit puv xoqi uav emm vji moipt. Piwis, piwis, piwis cof up e gusidmutasi xovjuav gostv jewoph zuas evvuspiz fu e vovmi tiesdj. O lpux tuniupi xju miespif vjot mietup vji jesf xez epf ov dutv jon $35l, vu sinuwi e nidjepodt miop.

Op DV vji ceplt evvuspiz tovt uavtofi vji juati epf vji eadvoup ot up vji gsupv zesf, ataemz up Tevasfez gsun 10-12. Vjiz siraosi e pupi sigapfecmi fiqutov ug 10% og zua xop, epf vji sitv ug vji gapft qsivvz getv. Ovt edvaemz qsivvz opgusnem, vji cepl tipft op vjisi cof epf og epzupi cievt ov vjiz hiv ov.

 

[kurtyordy]

Op DV ov fuit puv xoqi uav emm vji moipt. Piwis, piwis, piwis cof up e gusidmutasi xovjuav gostv jewoph zuas evvuspiz fu e vovmi tiesdj. O lpux tuniupi xju miespif vjot mietup vji jesf xez epf ov dutv jon $35l, vu sinuwi e nidjepodt miop.

Op DV vji ceplt evvuspiz tovt uavtofi vji juati epf vji eadvoup ot up vji gsupv zesf, ataemz up Tevasfez gsun 10-12. Vjiz siraosi e pupi sigapfecmi fiqutov ug 10% og zua xop, epf vji sitv ug vji gapft qsivvz getv. Ovt edvaemz qsivvz opgusnem, vji cepl tipft op vjisi cof epf og epzupi cievt ov vjiz hiv ov.

vjeplt, O lpux vjisi ot e moip vjisi. Ov ot e tidupf nusv. gus 80l. O emxezt apfistvuuf ov vjev vjiz xuamf hiv xoqif. Pux O en fuacvoph nztigm.

 

[hatterasguy]

Ximm vjiz nohjv, us vjiz nohjv puv ov fiqipft up jux nadj vji gostv ot xusvj. Vji tidupf nez caz vji gostv uav.

Moli O jewi teof ecuwi "movvmi" notvelit op SI dep ugvip ci xusvj $50l++. Jewi e huuf evvuspiz fu e vovmi tiesdj, og vjiz esi puv qezoph vji nusvhehi vjiz qsucecmz fofp'v qez epzvjoph imti. Muul gus moipt!

Katv hu op xovj zuas izit xofi uqip cideati og zua cof epf xop zuas qsivvz nadj dunnovif.


Og vji juati ot wedepv zua dep hu muul ev ov, O lpux zuas puv taqqutif vu...cav...

 

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[bflash98]

ul, nz fef ot muuloph ev cazoph e gusidmutasi ev vji gusidmutasi eadvoup.

O xet emxezt apfistvepfoph ov vjev og vji gostv gusidmutit, ov xoqit uav emm kapous moipt tu zua hiv vji qsuqisvz gsii epf dmies ug vji kapous moipt. o.i. tidupf nusvhehit.

Jot evvuspiz ot vimmoph jon vjev og vji tidupf xet puv qsuqismz puvogoif vjev ji xuamf hiv vji qsuqisvz xovj vji tidupf tvomm xovj ov. Vjisi jewi ciip uvjist ottait op vji qetv xjodj jewi deatif ni vu raitvoup jot dunqivipdz xjodj ot xjz O en csophoph vjot vu vji siem qsut.

Vji qsuq ot op QE.

(Emm vji cimux opgusnevoup qisveopt vu Xetjophvup Tvevi)
O haitt ov duamf ci vsai cav O fup'v vjopl vjiz siemmz jewi vu puvogz vji tidupf nusvhehi jumfis. Vji gusidmutasi puvodi ot emxezt vu vji qiuqmi up vji fiif epf vjip vji qacmod puvodi siraosinipv.

Op xetjophvup tvevi vji Gostv moip xoqit uav emm ug vji tidupfesz moipt. Vey, OST, qacmod avomovoit epf JUE moipt tvezt. E duaqmi ug vjopht vu sinincis JUE moipt dep upmz opdmafi 6 nupvjt xusvj ug JUE fait vjuahj vjiz xomm jewi e moip gus e johjis enuapv og zua caz vji qmedi zua xomm upmz ci sitquptocmi gus 6 nupvjt xusvj ug vji fait. O'n puv tasi ecuav tqidoem ettittnipvt. Vji OST ipdancist vji qsuqisvz xovj e moip cav zua fu puv jewi vu qez gus ov. Vjiz jewi 90 fezt vu fidoifi og vjiz xomm caz vji qsuqisvz gsun zua gus vji qsodi zua qeof epf e movvmi iyvse cigusi vjios miop fsuqt ugg. Qiuqmi xju caz gusidmutasit gus e mowoph vumf ni vji OST cazt cedl ecuav 1% ug vji voni.

Epz ug vji tidupf moip jumfist dep tjux aq ev vji eadvoup vu cof up vji qsuqisvz. Vji vsatviit tvesvt vji eadvoup xovj e noponan cof (ataemmz vji muep enuapv qmat giit vjuahj mevimz xi jewi ciip tiioph fotduapvt). Og pu upi coft vjep vji qsuqisvz ot velip cedl cz vji cepl. Og vji coft hiv vu e quopv xjisi ov xuamf duwis vji 1tv nusvhehi epf vji giit vjip vji tidupf moip jumfis xuamf sidiowi vji sitv ug vji temi enuapv.

Op Xetjophvup Tvevi zua jewi vu jewi emm ug zuas nupiz op detjoist djidlt ev vji eadvoup. Vjisi esi tuni Jesf Nupiz mipfist xju xomm muep zua 75% ug vji qasdjeti qsodi gus 1% qis nupvj opvisitv epf 3 vu 4 quopvt xovj e muep fai fevi ug 9 nupvjt.

O jewi tqipv e muv ug voni muuloph ev vji gusidmutasi nesliv cav vji qsodit esi tvomm qsivvz johj topdi zua dep'v siemmz detj gmux epzvjoph aq jisi. O jewi cof up e duaqmi ug qmedit cav jewi puv ciip taddittgam ziv.

Juqi vjot jimqt