Delaware | Real Estate Law

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Asked on: 3/19/12, 7:49 pm

I have a business loan secured as a 3rd lien on my property. I'm current on my 1st and 2nd mortgages. Can the 3rd lien holder pursue foreclosure for being behind on my business loan?

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Yes, a third-priority lien holder/mortgagee may foreclose if it so chooses to do so. ...

Answered By:

Brian F. Funk, Esq.

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