Comments on: In Louisiana, when a 2nd lienholder forecloses on a house, do they get paid first, subject to paying the 1st? http://www.stopping-home-foreclosure.com/blog/foreclosure-procedure/in-louisiana-when-a-2nd-lienholder-forecloses-on-a-house-do-they-get-paid-first-subject-to-paying-the-1st Learn how to stop mortgage foreclosure Thu, 09 Feb 2012 04:56:09 +0000 http://wordpress.org/?v=2.5.1 By: Anne http://www.stopping-home-foreclosure.com/blog/foreclosure-procedure/in-louisiana-when-a-2nd-lienholder-forecloses-on-a-house-do-they-get-paid-first-subject-to-paying-the-1st#comment-1222 Anne Fri, 05 Mar 2010 15:39:59 +0000 http://www.stopping-home-foreclosure.com/blog/foreclosure-procedure/in-louisiana-when-a-2nd-lienholder-forecloses-on-a-house-do-they-get-paid-first-subject-to-paying-the-1st#comment-1222 unless the 2nd lien is privileged in some way then when the second lien holder forcloses the first lein holder is given notice (this has to be done under Mennonite) and usually the first lein holder will intervene in the foreclosure and assert his right. The rules for this can be found in the LA Code of Civil Procedure.<br><b>References : </b><br> unless the 2nd lien is privileged in some way then when the second lien holder forcloses the first lein holder is given notice (this has to be done under Mennonite) and usually the first lein holder will intervene in the foreclosure and assert his right. The rules for this can be found in the LA Code of Civil Procedure.
References :

]]> By: Jeffrey F http://www.stopping-home-foreclosure.com/blog/foreclosure-procedure/in-louisiana-when-a-2nd-lienholder-forecloses-on-a-house-do-they-get-paid-first-subject-to-paying-the-1st#comment-1221 Jeffrey F Fri, 05 Mar 2010 15:19:59 +0000 http://www.stopping-home-foreclosure.com/blog/foreclosure-procedure/in-louisiana-when-a-2nd-lienholder-forecloses-on-a-house-do-they-get-paid-first-subject-to-paying-the-1st#comment-1221 Second position will be obligated to the first position of the loan. If a second position lien holder forecloses, they are obligated to satisfy the first lien. When you sell, all liens must be paid or the title is not clear. The buyer will most likely not accept an encumbered title<br><b>References : </b><br> Second position will be obligated to the first position of the loan. If a second position lien holder forecloses, they are obligated to satisfy the first lien.

When you sell, all liens must be paid or the title is not clear. The buyer will most likely not accept an encumbered title
References :

]]> By: bostonianinmo http://www.stopping-home-foreclosure.com/blog/foreclosure-procedure/in-louisiana-when-a-2nd-lienholder-forecloses-on-a-house-do-they-get-paid-first-subject-to-paying-the-1st#comment-1220 bostonianinmo Fri, 05 Mar 2010 14:42:59 +0000 http://www.stopping-home-foreclosure.com/blog/foreclosure-procedure/in-louisiana-when-a-2nd-lienholder-forecloses-on-a-house-do-they-get-paid-first-subject-to-paying-the-1st#comment-1220 If you foreclose on a 2nd lien, you assume the obligation of the first lien. If you don't, the first lienholder will foreclose on YOU. And if you're the 2nd leinholder and the 1st leinhlolder forecloses, YOU LOSE.<br><b>References : </b><br> If you foreclose on a 2nd lien, you assume the obligation of the first lien. If you don’t, the first lienholder will foreclose on YOU.

And if you’re the 2nd leinholder and the 1st leinhlolder forecloses, YOU LOSE.
References :

]]>