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| 3 Quick Messages | |||||
 Need help |
On a second mortgage when it says closed account/end what does that mean? There have been missed payments and on the other hand they have not sent out a statement for probably over a year. What does that mean? | ||||
 michelle |
Hi there again. I apologize, but I was not getting my alerts when I received new messages.It may be possible for you to refinance but it will be difficult and your rate seems relatively good now. I would like to discuss things with you if possible. You can email me at michelle@mortgagens.com or call me at (302) 655-2551 and so I can get a better idea of your goals.Michelle | ||||
michelle |
Hi again. I apologize for taking so long to get back to you but I have been ill for a few days.Yes, a second mortgage can foreclose. Any lienholder on your property can foreclose. It is more a matter of will they.If the property is sold at auction, the first lienholder will be paid before them so in your case with little equity, they may not begin foreclosure proceedings but I really can not tell you that for sure.It seems like there are a few issues that probably would be easier to address if you spoke directly with a mortgage professional to answer your questions.You are welcome to call me at 302-655-2551, email me at michelle@mortgagens.com or you can also look for a lender in your area by utilizing the lender tab at the top of the page.Another option would be to contact a local HUD housing counselor and ask them to sit with you and go through all your papers. I wish you the best. Please do contact me if I can help in any other way.Michelle | ||||
