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Updated over 7 years ago,

Robert Carpenter's profile image
Robert Carpenter's profile image
Robert Carpenter
  • from Montclair, New Jersey
  • Member since Apr 14, 2014
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66
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Robert Carpenter's profile image
Robert Carpenter's profile image
Robert Carpenter
  • from Montclair, New Jersey
  • Member since Apr 14, 2014
Connect
Robert Carpenter
  • Montclair, NJ
6
Votes |
66
Posts
Tax Liens & Mortgage Notes

Redemption after foreclosure and 2nd mortgage

Robert Carpenter
  • Montclair, NJ
Posted

Suppose the first mortgage holder forecloses, the property is sold at auction, and the mortgagor redeems the property within the redemption period.   Would such a redemption reinstate the 2nd and at the same time move it into first position ? 

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