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Updated over 12 years ago on . Most recent reply

Theresa K.'s profile image
Theresa K.'s profile image
Theresa K.
  • Real Estate Broker
  • from San Diego, California
  • Member since Feb 6, 2012
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Theresa K.'s profile image
Theresa K.'s profile image
Theresa K.
  • Real Estate Broker
  • from San Diego, California
  • Member since Feb 6, 2012
Connect
Theresa K.
  • Real Estate Broker
  • San Diego, CA
20
Votes |
104
Posts
Foreclosures

Foreclosing on a second DOT

Theresa K.
  • Real Estate Broker
  • San Diego, CA
Posted

If a lender has the first and the second on a property does the lender ever foreclose on the both loans or foreclose on just the second? Or do they always just foreclose on the first and consider the second a loss? Seems like there's a lot of foreclosure properties around here that have a first and second with Countrywide/BofA.

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