Updated over 7 years ago on . Most recent reply
Due on sale in second lien foreclosure
I am looking to buy at trustee sale a foreclosure initiated by the second lien. What are the chances of the first asking for payment in full from the due on sale clause in the note?
Most Popular Reply
They would still accelerate the loan...especially if it went to sale. That's a win win for them...and unless you pay them off in full, your purchase gets wiped out. They will start their foreclosure (If they haven't already) and you'll be at another trustee sale shortly, watching your money go down the drain if you don't pay them off before their sale.



