*One time I heard an investor tell me the HOA of their new property 'required' them to pay the $2,000 that was due for their property! We do advise looking into Home Owner Association (HOA) rules because if there is a large unpaid balance, the strict HOA's may require the new owner to bring current. So there is a chance the HELOC loan and/or the mechanics lien will be wiped out after the foreclosure sale date. If they are foreclosing, in Missouri, I've heard that the successive liens 'go away'. To start with the basic answer: We will guess that it's the first lien-holder foreclosing so a primary loan with a mortgage company. But it is important to know which liens survive a foreclosure for your area. There are websites out there to find out the all the specifics (one was mentioned in an earlier post). Taxes will always be 'superliens' on the property and go before any other every state.
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