Do I still own the house for the second mortgage, but the first was foreclosed?

I had 2 mortgages, one for 80% and one for 20%. The first mortgage company foreclosed. It was sold. The second mortgage company did not foreclose. Public records now show my name and the new owners name. Do I still own 20% of the house?

* The mortgage really has nothing to do with the house other than as collateral. The mortgage is a contract between you and the lending company. They lent you $$ – you pay it back with interest. The 1st morgagor took the collateral. The 2nd will hound you to the grave for its pound of flesh.

Technorati Tags: do i still own the house for the second mortgage but the first was foreclosed, first mortgage, foreclosed, house, lending company, mortgage, mortgage company, new owners, pound of flesh, second mortgage