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CERTIFICATION of Foreclosure of Possessory Lien Oregon Form

CERTIFICATION of Foreclosure of Possessory Lien Oregon Form

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what's up guys mood are true good development continuing a series on liens judgments in foreclosure sales today I want to talk about junior junior liens so let's define it what does it mean when you have a junior lien on a property well junior liens are liens that have been recorded after the foreclosure foreclosure lien so let's let's put that in a scenario you bought a house and you got the first thing you get on a house is a mortgage if you're financing the deal so you get a mortgage so this date is your benchmark any lien that is recorded after that benchmark date becomes junior to the preceding lien so if you bought a house in 2010 and you got a mortgage on that house and in 2012 you pulled an equity line of credit you put some equity out of the house so that's the second mortgage and in 2014 say you borrowed money from an individual and you couldn't pay that individual back they put a lien on your property so now there's three liens on that property there is the firstly which we'

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