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Updated over 10 years ago on .

Robert D.'s profile image
Robert D.'s profile image
Robert D.
  • Investor
  • from Bartlett, IL
  • Member since Feb 4, 2014
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User Stats

193
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43
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Robert D.'s profile image
Robert D.'s profile image
Robert D.
  • Investor
  • from Bartlett, IL
  • Member since Feb 4, 2014
Connect
Robert D.
  • Investor
  • Bartlett, IL
43
Votes |
193
Posts
Foreclosures

first mortgage (IL)

Robert D.
  • Investor
  • Bartlett, IL
Posted

How would you define “first mortgage” ? is that the mortgage that was recorded the latest ? I see that the property I am planning to bid on has multiple mortgages …but the lis pendends forecloses on the one mortgage that was recorded the latest. No other mortgage was recorded after that one. Is my reasoning correct that once they foreclose on the latest mortgage it will extinguish other non superior liens ? how about mechanical liens (state of IL) ?

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