Tax Liens & Mortgage Notes
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 7 years ago,
Question about 2nds and foreclosure
Fellow Note Investors,
When a first lien holder files foreclosure, are they required to notify the other lien holders of the Lis Pendens? Or can they proceed to sale without the other lien holders being notified? Is this a state by state procedure?
I ask because I hold several performing seconds, and I'm looking for a sensible way of protecting my positions short of calling on the firsts/pulling credit every 4-6 months.
Thank you and happy note investing!