Real Estate Law
Have Real Estate Law Questions? Ask a Real Estate Lawyer.
Hello. My name is***** will be happy to answer your question.I am sorry to hear about this unfortunate situation.
Basically, the first lien holder would be in the first place to collect and if there is any amount left after the first lien holder collects what is due to him, then the second lien holder would be able to collect any amount that is left after first lien holder collects what is due to him.
I wish you the first of luck!
Please let me know if you have any related follow up questions?If not, please positively rate and accept my answer, so I can be compensated for my work.Thank you.