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Kevin James
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what happen to Second mortgage after forclosing

Kevin James
Posted Jan 23 2023, 15:41

I am planning to buy Condo from the bank who had forclosed on it as first mortgage after the redemption period ends, but the property also has second mortgage on it am I responsible to pay off the second mortgage if I buy it from the bank(first mortgage) or the second mortgage is clear it after the bank(first mortgage) take over the ownership of the property. any advice appreciated

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