Enforcing a second mortgage: dual closing?

[Dmitriy Pukhov]

I'm a lender with the second mortgage on a residential property. If, in case of a default, I were to enforce the note, it is my understanding that before taking the property over, I will have to pay off the first mortgage. 

Question is: Let's say I have a buyer to buy the property from me. Is it possible to do dual (simultaneous) closing, whereby I pay the first note and deed the property over to the buyer at the same time?