a quick claim will not release you or the property from the liability of the note, and yes the bank will call it in
now as stated the first note is senior to the second note called a junior, as such when the senior forecloses all liens that are junior are wiped out, this does not personally excuse you from the second note, they can call it in and request payment in full for the note, if you can not come up with the monies or other collateral , they can get a judgment and attach to assets
if you have no assets then the second may write it off or sell it to another collection for pennies on the dollar
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