buying the first mortgage

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Posted by Ryan barlow on April 11, 2003 at 01:07:13:

I have a house that was deeded to me. There are 3 mortgages on the property. The first mortgage is forclosing on the property. The 2nd and third won't negotiate discounts for there mortgage(short sale). The 1st has said that they will sell their note and I need to make a offer by Tuesday. The Foreclosure sale is in a month. Can I buy the note and Foreclose the other liens off? Does the foreclosure process need to be restarted once I buy the 1st? Do I bid on the property at the courthouse steps? Do I need to have cash to buy the property at the courthouse if I own the 1st? Is there a better way of doing this?

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