A: you bought the first lien, B: technically you bought a house.

来源: jy101 于 2008-11-23 17:38:46 [] [博客] [旧帖] [给我悄悄话] 阅读数 : (221 bytes)

on A, you don't own the house, you just first lien on that house.
on B, you bought the property, second or third lien holder already lost their right to collect since they did not come forward before the foreclosure.

所有跟帖： 

• 回复：A: you bought the first lien, B: technically you bought a hou -Sir。Long- ♂ 给 Sir。Long 发送悄悄话 Sir。Long 的博客首页 (150 bytes) () 11/23/2008 postreply 18:27:00

• on A, #1 position lien give you right to foreclosure the house -jy101- ♂ 给 jy101 发送悄悄话 jy101 的博客首页 (536 bytes) () 11/24/2008 postreply 06:39:02

• thanks for clear explaination -Sir。Long- ♂ 给 Sir。Long 发送悄悄话 Sir。Long 的博客首页 (329 bytes) () 11/24/2008 postreply 13:40:10

• Tax sale. -dslr- ♂ 给 dslr 发送悄悄话 (542 bytes) () 11/23/2008 postreply 19:09:29

• One more point -dslr- ♂ 给 dslr 发送悄悄话 (145 bytes) () 11/23/2008 postreply 19:23:28

• Thanks, if redeemed, i can even get 15%interest back, right? -Sir。Long- ♂ 给 Sir。Long 发送悄悄话 Sir。Long 的博客首页 (0 bytes) () 11/24/2008 postreply 19:20:51

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