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Updated almost 8 years ago on .

User Stats

19
Posts
1
Votes
Anh N.
  • Santa Ana, CA
1
Votes |
19
Posts

Second Lien on a First Lien Foreclosure

Anh N.
  • Santa Ana, CA
Posted

Hi,

I'm the second lien holder on a property that is being foreclosed on by the first lien holder.  My loan is not getting paid either.  I believe the property has equity above both loan amounts.  I want to contact the first lien holder and pay the outstanding balance and start my own foreclosure to make sure my position is protected.  I called the trustee company and they won't give me any info on the account unless I get authorization from the borrower.  Is there someone else I should be contacting at the bank to pay the outstanding amount?  It's less than $15K.  Thanks!