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Updated about 2 years ago,
Foreclosure opportunity with second mortgage
Hi All,
been looking at a foreclosure property recently that would be in a great location. After going to recorders office, it seems that the first mortgage is the one being foreclosed on, but the owner also took out a second mortgage about 6 years later from a different entity. If I were to bid at auction, would I be responsible for that second position mortgage? Is there any chance that second company can come after me?