Posted on: 05th Jun, 2014 04:42 pm
We just won the bid on a house at a sheriff's sale auction. Now, we are finding out there is a 2nd mortgage thru a separate lender. Are we going to responsible to pay that 2nd mortgage off? We are in MD.
You should be fine - if the first lien foreclosed the second lien can buy to protect their investment otherwise they are out of luck (I am not a RE Atty so please get a second opinion)
Good Luck
Brian Barnes
Good Luck
Brian Barnes