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Updated over 15 years ago on . Most recent reply
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If a junior lien holder forecloses and owns, how can they get 1st lien payment info?
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