2nd Lien Representation and Surplus Money
The filing of legal pleadings on behalf of an inferior lien holder in order to protect their interest in the collateral and/or their right to obtain surplus monies that may become available in the court registry after a foreclosure sale has occurred and all superior lien holders have been paid.
Our practice is not limited to first mortgage holders but extends to those parties that also hold junior interests. In recent years this has become an area that is ripe with parties trying to mislead the court and misappropriate these funds. Therefore, all junior lien holders need to pay particularly close attention to any case in which a senior lien holder is foreclosing. Our firm has handled numerous cases in this area with great success and has even argued the issue before the Appellate Court.