Question
A property has the following capital structure: 1 st Lien $200,000 2 nd Lien $50,000 Equity $25,000 Total $275,000 If the first lien is in
A property has the following capital structure:
1st Lien $200,000
2nd Lien $50,000
Equity $25,000
Total $275,000
If the first lien is in default and noticed for foreclosure sale, what is the best action for the 2nd lien lender to take?
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Public Finance A Contemporary Application Of Theory To Policy
Authors: David N Hyman
12th Edition
0357442156, 978-0357442159
