The bank has a $500K senior lien on the property through the mortgage. 

Sometimes, getting nothing is better in the sense that if they get wiped out in a senior lien foreclosure, their deficiency rights are preserved and they get to take the borrower to court and sue them for the full balance.

would you not be able to get this info from the BAR.... or a senior lawyer..

If your convictions were a long time ago and you have been a model citizen since then you have a chance.

To have a population trapped in employment that they don't like, doing jobs they don't like or that conflict with their values - all because they have to pay the mortgage is a way to pacify even the most independently minded population.There will be winners out of sub-prime and it won't generally be the ordinary citizen!

It will not include multiple loan amounts unless a junior lien is foreclosing and has already paid off a senior lien.3.

I did not realize a law-abiding citizen could not keep a gun in his home in Chicago.

I work F/T as a wine wholesaler and DH is a senior financial analyst.

Here's a link:http://www.cockeyed.com/citizen/nouveauriche/nouveau_riche02.shtmlFinally, another thing that stands out with NR is that you almost never hear of one of their "graduates" that is successful in real estate.

The borrower may obtain one such postponement.ReinstatementDebtors may reinstate up to five days before non-judicial foreclosure sale.JuniorJunior lien holders may no longer redeem, so they may try to protect themselves by (1) advancing funds to bring the senior loan payments current, then foreclosing for the sums advanced; (2) bidding at the foreclosure sale so the price will be sufficient to payoff the senior and the junior liens; or (3) acquire the property by bidding at the foreclosure.