|
not as smart as I think
Join Date: Oct 2006
Location: Northern California
Posts: 769
|
Milt,
You are correct regarding someone possibly paying down the second, but when you are in first position and you do not get paid, you foreclose. Through the foreclosure proceedings, you are the first creditor paid.
__________________
1978 911SC stock-SOLD
1985 911 Carrera Stock
|