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Updated over 15 years ago on . Most recent reply

Thos. A.'s profile image
Thos. A.'s profile image
Thos. A.
  • Real Estate Investor
  • from Outstate, MN
  • Member since Jun 13, 2009
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25
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13
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Thos. A.'s profile image
Thos. A.'s profile image
Thos. A.
  • Real Estate Investor
  • from Outstate, MN
  • Member since Jun 13, 2009
Connect
Thos. A.
  • Real Estate Investor
  • Outstate, MN
13
Votes |
25
Posts
Foreclosures

Buying a 2nd mortgage at auction

Thos. A.
  • Real Estate Investor
  • Outstate, MN
Posted

If I buy a second mortgage at auction, must the lender holding the first (same bank as the second) let me reinstate and take over payments on the first? I've heard this is true but don't know for sure. If so, can you provide precedents, links, references? Thank you.

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