Except in cases of property with enormous equity, it has been my experience that inferior liens are wiped out at foreclsoure.The inferior lienholder can somewhat protect himself by having a note acceleration clause in the deed of trust, and should the debtor begin missing payments to the superior lienholder the inferior lien holder can foreclose.Of course this foreclsoure does not wipe out a superior lien, and the superior lienholder can still foreclose and thus wipe out the inferior lien.However once the inferior lienholder does foreclose, he can then pay off the superior lien.

The "debtor ... shall be afforded the opportunity to show cause as to why the foreclosure should not be allowed to be held.... the debtor has the right to appear at the hearing and contest the evidence that the clerk is to consider under G.S. 45?

One option is to totally disregard all your debtors except the utils.

It took a few years to build up equity, and I put every cent I made off RE back into paying off rehab debt or the next deal.

If you really wanted to help you will tell her to pay her debt or let it go to collections.

I then ordered the title report which shows a judgement and lien against the debtor and property along with a couple of liens against the property from the city/county.

Are they the original debtor or did they buy the debt?

So while you will collect close to 12% of $36,000 your first year (around 11.7%), the second year you will collect less because at the beginning of the second year your debtor now only owes about $30,000.

Can you find another job to help pay down your debt or start increasing your savings?

I thought I heard that the lender has the discression to 1099 the debtor or not.