这么想，lien priority, first in time，first in right。

1.  First mortgage

oreclose on first mortgage，first mort bank take all the money, removes the first lien and buyer is stuck with all other liens and mortgage. 

2.  Second mortgage,

Foreclose on second mortgage，first in time, first in right, the money from foreclosure of second mortgage has to go to first mortgage, any left over would go to second mortgage.  In your case the second mortage foreclosure cannot go through with 20K, it has to be over 200K (more than first mortgage) to make any money back.

3.  Other Liens

For the same reason, mechanics lien and HOA lien rarely get foreclosed, because even if the house is sold, all senior mortgages takes priority over the mechanics and HOA to take the money.  

Tax Lien.  Only exception is tax lien.  Tax lien takes first priority no matter when added.  That's why on tax sale, buyer pays the tax and get the house, with ALL the mortgage REMAINING on the house.

所有跟帖： 

• 我记得在加州只有property tax是super lien -大胖胖猫- ♂ (89 bytes) () 01/18/2018 postreply 18:38:49

• yes, that's what I meant -柠檬椰子汁- ♂ (0 bytes) () 01/18/2018 postreply 19:35:55

• thought after tax sale all lien wiped out -sneezy888- ♂ (97 bytes) () 01/19/2018 postreply 11:16:12

• 谢谢柠檬????，说得很清楚 -want2freedom- ♂ (0 bytes) () 01/19/2018 postreply 13:38:28