LAWSUIT TO FORECLOSE LIEN
Example 2: In the same example above, the bank holding a mortgage is owed $100,000 on the first deed of trust. They start the proceedings out by credit bidding their $100,000. It goes back and forth until they are eventually the winner at $200,000. They get the property, pay you your $100,000, and then re-sell the property for a profit of $100,000. ................
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