Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Foreclosures
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 18 years ago,

User Stats

5
Posts
0
Votes
Marcos Defex
  • Investor
  • Littleton, CO
0
Votes |
5
Posts

Is the loan being foreclosed on the first and only?

Marcos Defex
  • Investor
  • Littleton, CO
Posted

Ok, how ' bout this situation. The county's website is showing a property going to foreclosure with a loan balance of 119k. Zillow has this prop appraised at 164k. So about a 33% equity position. The 119k loan was recorded as a deed of trust on 12/22/04 as a conventional 5.5% adjustable loan. Am I safe to assume that this loan is a first? The clerk and recorder had lots of confusing info on this prop. If it is a first what happens to to the 2nd loan, tax liens, mechanics lien etc (if any)? Is it worth to hite a title company just to make sure that there is only one loan against the prop? I live in CO.

Loading replies...