Loan Mod foreclosing
Hi- I am interested in a possible foreclosure auction that has two loans. The first loan has a loan modification from 5 years ago and this is the loan that is foreclosing. The loan mod lowers the interest rate, extends the loan repayment period, and defers $60k of principal at no interest. The first loan is now foreclosing; does the deferred amount have priority over the second? Not sure if it matters, but the loan mod was never filed with county; i saw this in the BK filings.