2nd position Lien charge-offs

[Mike]

I am seeing second lien holders charging off loans prior to foreclosure by the first. These are not being reported to homeowners, and being uncovered during short sale negotiations. I have two cases, that when submitting docs to a 2nd position lender that they have indicated to me that these have been sold, and given to attorneys for collection. In one case this was over a month ago, neither with homeowner notification. What is their timeline for reporting sale of note on a non-performing loan? Thanks