A junior lienholder may bring a foreclosure action before action is taken by a senior lienholder.

Name: A junior lienholder may bring a foreclosure action before action is taken by a senior lienholder.
Brand: Quizplus
Rating: 4.9 (58 reviews)

Question

Quizplus · Accepted Answer

A junior lienholder has the right to initiate a foreclosure action independently of a senior lienholder, but the proceeds from the sale will first satisfy the senior lien before any funds are applied to the junior lien.

A Junior Lienholder May Bring a Foreclosure Action Before Action