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Updated over 4 years ago,
Buying Foreclosure (piecing together from BK filing)
I am a little confused on this, so i am wondering if anyone has seen this before. The notice of sale is out on a home I am interested in. From reading the BK filings, I am pretty sure there is only a first mortgage (I can't access county records now). The BK plan showed $1M secured with $0.8M in mortgage ongoing and $0.2M in arrearage. The NOS was just for the $0.8M. However, I am pretty certain the $0.2M of arrearage is from the first mortgage so i am not sure why the NOS is for only $0.8M. Any thoughts?