I want to take over the 1st mortage owed. I am not on title so the bank wont talk to me. I am the 2nd lien holder on the property.The property owner is filling bankruptcy.
You have to pay off the 1st at the trustee's sale or a negotiated purchase 'short sale.'
You may not be on legal title but you have an equitable ownership via the Deed of Trust, the same interest as the 1st....it is just that they get first crack at the equity if any.
Find out who owns the 1st note, the trustee of the 1st DOT may not talk to you but the owner will if they feel that they can do better with you than at the sale???