Delinquent first mortgage but not 2nd

[Vikram C.]

Does anyone know how a second mortgage holder comes to know that the borrower is going to be foreclosed on the first mortgage? In the rare circumstance when the borrower is current on his second but has defaulted on his first, the holder of the second may not even know that the first is going into foreclosure, right? Unless, of course, he regularly checks title on the property to ensure that no notice of foreclosure has been recorded.