Legal Question in Real Estate Law in Texas

2nd liens

The home I am trying to buy has a 2nd lien that is foreclosing. Do I need to pay the 2nd off before they foreclose to buy the property. If I pay the 2nd off how do I protect myself so the seller does not decide to sell.


Asked on 8/03/07, 11:57 pm

1 Answer from Attorneys
Cheryl Rivera Smith The Smith Law Firm

Re: 2nd liens

If the second lien lender forecloses, your contract rights are wiped out. The second lien lender will then own the home.

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Answered on 8/04/07, 8:36 am


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