Credit Card offers- Onile savings account- personal insurance » Countrywide http://www.cashorcredit24.com Find answers for all your financial problem Fri, 29 Apr 2011 17:58:04 +0000 en hourly 1 http://wordpress.org/?v=3.1.2 What happens to a second mortgage when a home is purchased at a foreclosure auction? http://www.cashorcredit24.com/what-happens-to-a-second-mortgage-when-a-home-is-purchased-at-a-foreclosure-auction http://www.cashorcredit24.com/what-happens-to-a-second-mortgage-when-a-home-is-purchased-at-a-foreclosure-auction#comments Sun, 09 Mar 2008 11:06:45 +0000 admin http://www.cashorcredit24.com/what-happens-to-a-second-mortgage-when-a-home-is-purchased-at-a-foreclosure-auction mortgage
buad0118 asked:


I am going to bid on a house at foreclosure and it has a 1st mortgage of $280K and a second of $70K. The lender on the first two mortgages is Decision One Mortgage. The lender at foreclosure is Countrywide. Does this mean that if I buy this house at foreclosure that I will own additional money to the second mortgage or just the first mortgage and back taxes?

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