Mort owns a property. Jessica Rosen holds a fi rst mortgage against it, and Alex Nelligan holds
Question:
Mort owns a property. Jessica Rosen holds a fi rst mortgage against it, and Alex Nelligan holds a second mortgage. Mort defaults on his mortgage payments. Ms. Rosen forecloses without joining Mr. Nelligan in the fo reclosure suit. The property is sold to ShcJia McBridc at the foreclosure sale. What a rc Mr. Nelligan's rights?
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Related Book For 
Real Estate Finance And Investments
ISBN: 9780073524719
13th Edition
Authors: William Brueggeman, Jeffrey Fisher
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