Escrow & Title
A Washington property has two liens: a first deed of trust for $300,000 and a second for $80,000. The property sells at foreclosure for $350,000. The second lienholder receives:
A$80,000 in full
B$50,000 from the remaining proceeds after paying the first lien✓ Correct
CNothing — the second is wiped out and gets nothing
DEqual to the first lienholder
Explanation
First deed of trust gets $300,000. Remaining = $350,000 − $300,000 = $50,000.
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