Acquiring Junior Lien and Foreclosing
I have the opportunity to acquire a 2nd note which is non performing with the intent of foreclosing and hopefully acquiring the first mortgage to do so. I am very green when it comes to note investing and am wondering what the process is to foreclose on the 2nd. I have the capital to purchase the 1st mortgage but don't know how to start the process if it is even possible. I'm sure this has been done and am looking for any guidance or references to learn more. Thanks in advance!