Can the 2nd mortgage collect after foreclosure, CO statute says all junior liens are "free and clear"?
1 Answer | Asked in Bankruptcy Law for Colorado on Apr 25, 2013.
I now live in another state and would like to buy a home here but no one can seem to answer my questions.
Answered On May 2, 2013
Unless the debt was discharged in a bankruptcy or forgiven by the lender, the 2nd mortgage note still survives and can be enforced against you.