If a first mortgagee forecloses, the second mortgagee's resort is to pay the mortgagor's debt and then foreclose also.
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Q30: All states allow deficiency judgments.
Q31: In some states, the mortgagor has a
Q32: In all states, time for the mortgagor's
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Q34: Banks, who are mortgagees, never put "due
Q36: "Amortization" is a Middle English word, and
Q37: The mortgage discharge is recorded at the
Q38: When a mortgage debt is paid, the
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Q40: A clause in the mortgage providing that
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