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Updated almost 11 years ago,

Dan Griffin's profile image
Dan Griffin's profile image
Dan Griffin
  • from Columbus, Ohio
  • Member since Jan 9, 2013
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23
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3
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Dan Griffin's profile image
Dan Griffin's profile image
Dan Griffin
  • from Columbus, Ohio
  • Member since Jan 9, 2013
Connect
Dan Griffin
  • Columbus, OH
3
Votes |
23
Posts
Innovative Strategies

Being in first position on a loan -- what is the process of foreclosure?

Dan Griffin
  • Columbus, OH
Posted

Can someone explain the process to me of what happens if I lend money to someone and they can't pay? I would be in first lien position.

Do I go through a long and expensive foreclosure process, or is it relatively straightforward and inexpensive to take the house?

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