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Updated over 4 years ago,
Courthouse step purchase but 2nd lien on title
Purchased a house on courthouse steps, I knew it was the senior lien, and had a jr. against it. Junior LOC should have been wiped with foreclosure of senior lien, right? But title company is saying the JR lien through USAA does not show subordination, therefore it was SENIOR?. Anyone had this happen and what did you do? I didn't think new loans would be written without subordination agreements of "line of credits", so is the paperwork just lost (I hope)? How do I find out?
Feeling nervous,
Debbie