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.
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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