Legal Question in Real Estate Law in California

Real Estate

If the first morgage is current, but the second is in default and the property is sheduled to be sold at auction does this mean the house will be sold if someone buys the first and second morgage?


Asked on 8/18/07, 6:14 pm

2 Answers from Attorneys
Robert L. Bennett Law offices of Robert L. Bennett

Re: Real Estate

Yes.

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Answered on 8/18/07, 9:42 pm
Bryan Whipple Bryan R. R. Whipple, Attorney at Law

Re: Real Estate

Whoever is the successful bidder at the 2nd mortgage foreclosure sale gets the house subject to the first, and will have to make the payments or pay it off.

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Answered on 8/19/07, 12:36 am


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