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Updated over 7 years ago,
Second Lien on a First Lien Foreclosure
Hi,
I'm the second lien holder on a property that is being foreclosed on by the first lien holder. My loan is not getting paid either. I believe the property has equity above both loan amounts. I want to contact the first lien holder and pay the outstanding balance and start my own foreclosure to make sure my position is protected. I called the trustee company and they won't give me any info on the account unless I get authorization from the borrower. Is there someone else I should be contacting at the bank to pay the outstanding amount? It's less than $15K. Thanks!