Some of the properties going to auction are clearly 1st position, when there is only 1 loan. However some are quite confusing. For example:
1st 5/23/08 $536,579
2nd 2/10/09 $515,854 NTS (Auction)
That seems to me that a second is going to auction, am I interpreting it right?
But if it has:
1st 4/13/07 $640,000 NTS (Auction)
2nd 4/13/07 $120,000 —
Is that definitely a 1st going to auction?
Granted I would get a full title report before buying but I still want to be clear how to read this.
Sorry for such a dumb question but I’m new to this. Thank you very much!!