Legal Question in Real Estate Law in Massachusetts

if current on 1st mortgage, and behind on second mortg. (different bank) what happens? can second foreclose on property , where 1st bank owns majority ? 4/1 ratio?


Asked on 1/16/12, 10:12 am

3 Answers from Attorneys
Alan Pransky Law Office of Alan J. Pransky

The second mortgage can foreclose. Any title conveyed by the second mortgage will be subject to the first mortgage.

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Answered on 1/16/12, 10:33 am

The second mortgage can foreclose, but they will own the property subject to the first Mortgage.

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Answered on 1/16/12, 10:53 am


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