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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Owning 2nd and Foreclosing Posted by Mark on December 04, 2003 at 10:48 AM I looked through all posts relating to JBB and and tried to find the answer to this question but did not-any help is appreciated. if I buy a 2nd, reinstate the first, and then foreclose on the 2nd - no one buys at the auction, which means I have title subject to senior liens. one of the senior liens will be the 1st mtg - does the fact that title switched from trustor to me trigger a due-on-sale clause, or am I able to continue making payments under the terms of the 1st until property is sold. Follow Ups: Junior lienor not exempt from the due-on-sale clause... Ward-CA- 5:37 PM, 12/04/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : I looked through all posts relating to JBB and and tried to find the answer to this question but did not-any help is appreciated. : if I buy a 2nd, reinstate the first, and then foreclose on the 2nd - no one buys at the auction, which means I have title subject to senior liens. : one of the senior liens will be the 1st mtg - does the fact that title switched from trustor to me trigger a due-on-sale clause, or am I able to continue making payments under the terms of the 1st until property is sold. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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