Can a Second Mortgage Foreclose Before the First? Have you ever wondered about the order in which mortgages are paid off in a foreclosure situation? In this insightful video, we delve into the critical aspect of whether a second mortgage can foreclose before the first. Understanding the hierarchy of mortgage payments is essential for property owners with multiple mortgages, as it directly impacts the distribution of proceeds in a foreclosure sale. The first mortgage holder typically has priority, receiving payment before the second mortgage holder. Learn about the implications and consequences of defaulting on mortgages, and the rights and priorities of different mortgage holders in a foreclosure scenario.
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