If the junior lien holder wins the auction, they get the property, but still owe the senior lienholder their money.

Have a cheap mirror cut to size and place in the back then place your bottle holders inside.

It protects the borrower and the junior lien holders.

When it came time to collect our excess proceeds the holder of the first balked, then when pushed, returned us a smaller amount, claiming that further accounting showed more costs then they revealed to us before the auction.

I always know something is good when I find myself printing it and placing it in the binder I use as my day to day planner, script holder, and motivational tool.

The sellers are now willing to sign off (Via the sellers' attourney).I've already contacted the bank , so we can work with them on some sort of resolution.I'm wanting to get a signed promise from the sellers that they will perform something along the lines of a deed-in-lieu of foreclosure once the buyer becomes the mortgage holder.

My question is this: How can I find the current holder of the property?

If they don't, the second mortgage is wiped out.The mortgage holder will normally bid the amount their owed as the starting bid.

In the mean time the note holder sold the note to another company.

I guess the question I'm asking is, is it ok to bid against the bank representative, plaintiff, lien holder?