Sentence: The market has revealed many situations in which the lender in the...

[LearnEnglish]

what does this sentence mean?
I read several time but still not understand this sentence?

The market has revealed many situations in which the lender in the secondary lien holder position has declined to accept a short sale offer that would net them a few thousand and opted, instead, to force the property into foreclosure, in which they would most likely receive zero.

My understand is that secondary lien holder refuses to accept short sale. Short sale will give them a few thousand dollars. Foreclosure will give them zero? So why don''t they accept short sale?

Thanks.

[Kitosdad]

I have no idea as to why "THEY " would do this.

A " LIEN " is a legal document that prevents an owner selling a property before a debt is settled to the satisfaction of the lender/s.

A 2nd LIEN means that (" THEY " ) theirs, would be the second debt to be settled, and in this case would bring less than that to which they were entitled.

Perhaps by forcing the foreclosure, and not accepting an amount which is far less than they are owed, they hope to force the debtor into finding sufficient capital to pay the full amount owed to them.

I really don't know their agenda.
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