Does satisfying the first mortgage clear out the 2nd LIEN?

[David B.]

Hello,

Purchased a property from the county auction, comes to find out i paid off the HOA foreclosure. there was a mortgage attached. I am in talks with the lender (Wells Fargo) to satisfy this payment. If i satisfy it, will the second lien clear? or will it still be there?

Supposedly the second lien holder is a credit card debt collector, they were listed as the defendant in the foreclosure case.

[Jay Hinrichs]

if the second is recorded before the HOA lien then I dont think it gets wiped out..

but these are state specific.. title company should be able to tell you .. just open up an order and you will see what still survives the sale.