I had a signed contract with my agent to buy a house in short sale. The hosue went to foreclosure before all of the paperwork could be filed. The ist lien holder took immediate possessin of the house and it never went to foreclosure and instead went to a lcoal REO agent. I signed a new contract with the REO agent and we plan to close in a few weeks. However, now the 2nd lien holder is trying to stop the sale. Is that possible? Once the house went to foreclosure, the 2nd lien holder is cut out, right? Does the 1st lein holder have to contact the 2nd lien holder or is it just a courtesy?
