Can 2 foreclosures be going on with the same property similtaneously?
Question Details:
Michael Duffy / Duffy Law, LLC
Answered 1 year ago
This attorney is licensed in Pennsylvania
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Yes, but one would normally have "priority" over the other. Your primary mortgage probably be the first priority, meaning they get the first claim to any money recovered from the foreclosure sale. The remaining money, if any, would go the mortgagees of lower priority.