What Happens to Liens and Second Mortgages in Foreclosure? | Nolo.com

Frequently, homeowners have more than one mortgage on their property, as well as judgment liens in some cases. For example, you took out a second mortgage along with the first mortgage to cover the purchase price of your home, you got a home equity loan to cover home repairs or remodeling, or a credit card company sued you and obtained a judgment lien. Read on to learn what happens to second mortgages and judgment liens in a foreclosure.

Source: What Happens to Liens and Second Mortgages in Foreclosure? | Nolo.com

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