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Updated about 15 years ago,

User Stats

213
Posts
12
Votes
Daniel Hart
  • Investor
  • Charlotte, NC
12
Votes |
213
Posts

If a junior lien holder forecloses and owns, how can they get 1st lien payment info?

Daniel Hart
  • Investor
  • Charlotte, NC
Posted

If I own a junior lien note on a property, and I foreclose on it and take ownership, I can avoid the possibility of the lender calling the loan due.

However, without authorization or a POA from the borrower, it's near impossible to obtain to the payment terms from the lender.

Does anyone know of anyway for a foreclosing lien holder to get that information so that the payments can be continued?

Thanks

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