First and Second Position Mortgage Companies Goto Court

[Dan NA]

Hi all,

I wanted to get some clarity on the first and second mortgage holders on a property I have been keeping an eye on recently.

The first position mortgage company has sued and gotten the property back via court. But I just also noticed that the second mortgage company is also suing and there court date is coming up. I thought the second mortgage holder automatically got wiped out once the first mortgage took a property back.