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Updated almost 2 years ago on . Most recent reply

Sean S.'s profile image
Sean S.'s profile image
Sean S.
  • Member since Apr 8, 2023
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11
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Sean S.'s profile image
Sean S.'s profile image
Sean S.
  • Member since Apr 8, 2023
Connect
Sean S.
1
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11
Posts
Foreclosures

Paying off first mortgage after purchasing second mortgage foreclosure

Sean S.
Posted

When you purchase a property through a second mortgage foreclosure and then pay off the first mortgage, does any conveyance occur? Since you already own the property, is this equivalent to a lien being satisfied? Can the property somehow convey back to borrower on the first mortgage? 

Los Angeles County, California
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