2nd Mortgage Share

2nd Easy Mortgage in bankruptcy and is now back in the foreclosure of a mortgage. If someone buys the property, pay the second mortgage, or is it gone because it was part of a bankruptcy? BTW, is the property in Michigan. buying property is not buying the debt. You can purchase the property. The debt must be treated before sale. Bankruptcy can sometimes erase a loan or second mortgage to see the bankruptcy discharge documents to be sure. Fortunately, the title is owned, any mortgages or loans for property addressed if the transaction does not pass. This is the main reason for the title search / insurance is to eliminate these problems closing. A title search will show all kinds of privileges against the property. The insurance covers the buyer if there is something missing title search.