Foreclosure | Second Mortgage Colorado

Posts tagged: foreclosure

Second Mortgage Foreclosure Auction

I’m going to bid on a house in foreclosure and has a mortgage of $ 1 and a second $ 70K to 280K. The mortgage lender of the first two is Decision One Mortgage. The lender is the exclusion in the country. Does this mean that if I buy this house in a mortgage that more money will be the owner of the second mortgage or just the first mortgage and back taxes?