Can 2 foreclosures be going on with the same property similtaneously?

Asked 2/12/2012 under Collections and Debt | 140 View(s) | More Legal Topics

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Michael Duffy / Duffy Law, LLC Answered 3 months ago | Contributor This attorney is licensed in Pennsylvania

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.

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