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2 foreclosure auction for 1 property?

A house in my neighborhood is being excluded and auction notices were published in a newspaper local. I found 2 auctions for 2 public notice. The first auction is the second mortgage, and the second auction, a week later, is that the first mortgage. How can it be? If an offer in the first auction (second mortgage) and would win the house?

Because these people at home and have failed to leverage both mortgages. When closing the first mortgage, which wipes out the second mortgage. Risk behavior both bidding on 2 mortgage is.

	Foster On Auction: A Complete Exposition Of The Latest Developments Of Modern Auction, With The Full Code Of The Official Laws And 130 Deals From Actual Play (1918) List Price: $48.95 Sale Price: $34.10 Used From: $34.51