Investing in house with two mortgages in pre foreclosure

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@Silvano Prescod If there is little to no equity on the deal due to the second mortgage its ok. Depending on the size of the 2nd. Do you know who filed the foreclosure 1st? The 1st or the 2nd mtg? If it was the 1st mortgage that is a good thing. You can use the 1sts foreclosure as Leverage to get the 2nd to settle for less than is due and create eauity in the deal, plus whatever You Can Gain By Fixing The Property Up If There Is Money To Be Made There. If Not You Can Negotiate The 2nd And Sell as is for a profit.