OC Real Estate

I am going to bid on a house at foreclosure and it has a 1st mortgage of $280K and a second of $70K. The lender on the first two mortgages is Decision One Mortgage. The lender at foreclosure is Countrywide. Does this mean that if I buy this house at foreclosure that I will own additional money to the second mortgage or just the first mortgage and back taxes?

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Chochi asked:

I am currently on a payment plan on a rental property for the 1st mortgage. The 2nd has been charged off and sent to EMC mortgage company outsourced collection LCS. Does anyone have any experience on how to deal with LCS, and what rights do I have to solve this 2nd mortgage. Can freeze my assets? Will you find a bug?

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