What Can a 2nd Position Lien Holder Do if the Owner Defaults on the 1st Position Lien?
Andy Fowler and Sean St. Clair discuss a common situation where a real estate investor has loaned money on property and secured their loan by a second position lien subordinate to the existing deed of trust or mortgage. Specifically, Sean explains the rights a second position lien holder has if the owner is in default on the loan secured by the first position deed of trust or mortgage.
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