Mort owns a property. Jessica Rosen holds a first mortgage against it, and Alex Nelligan holds a
Question:
Mort owns a property. Jessica Rosen holds a first 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 foreclosure suit. The property is sold to Shelia McBride at the foreclosure sale. What are Mr. Nelligan’s rights?
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Mr Nelligans right would not be terminated if he was not jo...View the full answer
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Rayan Gilbert
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Related Book For 
Real Estate Finance and Investments
ISBN: 978-0073377339
14th edition
Authors: William Brueggeman, Jeffrey Fisher
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