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2ND MORTGAGE

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HELPLESSLY WORRIED Guest	Posted: Tue Mar 24, 2009 6:11 am    Post subject: 2ND MORTGAGE Like 0 Dislike 0 There is a SECOND MORTGAGE on my home in florida. this second mortgage is not under my name, it does not appear on my credit report. this loan has been past due since december 2008. WHAT ACTIONS CAN THEY TAKE AGAINST ME? can someone please help me?
chrisburns Community Expert Joined: 13 Nov 2007 Posts: 382 Location: Florida 65.98 Dollars($)	Posted: Tue Mar 24, 2009 6:57 am    Post subject: Like 0 Dislike 0 Who has the 2nd mortgage in thier name? is it your husband? _________________ Chris Burns Five Stars Mortgage, LLC Office: 800-871-2636 ext. 200 Cell: 407-456-3697 Florida Mortgage Five Stars Mortgage On Facebook
jerry Moderator Joined: 17 Oct 2005 Posts: 2708 Location: MICHIGAN 429.63 Dollars($)	Posted: Tue Mar 24, 2009 7:00 am    Post subject: Like 0 Dislike 0 Hi Guest, If the second mortgage is not in your name and you say it does not appear on your credit report, I don't think they can take any action against you. However, they can obviously obtain a judgment against the person who is on the loan. Thanks, Jerry
Guest	Posted: Tue Mar 24, 2009 7:16 am    Post subject: 2nd mortgage Like 0 Dislike 0 hi chris, the second mortgage is under my ex-boyfriends name. thanks for your help.
gmakerley Community Mentor Joined: 09 Nov 2007 Posts: 12376 Location: bloomfield, ct 58.49 Dollars($)	Posted: Tue Mar 24, 2009 7:37 am    Post subject: Like 0 Dislike 0 come on now people...if there is a lien on a house, it doesn't matter who the borrower is. it's still a lien, and that lien can be enforced by the lender if payments are not made. ex-boyfriend, spouse, uncle, cousin, best friend in kindergarten - it matters not who signed the note. the key element here is the lien. worried...you need to be worried. if he won't make payments, then you had better find out what is happening so you can protect yourself. if the bank won't speak with you because it's not your loan, then you need to somehow get your ex-b/f to provide you with the necessary information or make the payments or give you a coupon book so you can make payments. your home is in jeopardy. _________________ George M. Akerley Mortgage Underwriter/Consultant Word of Excellence- Writing/Editing/Proofreading 860-221-5044
chrisburns Community Expert Joined: 13 Nov 2007 Posts: 382 Location: Florida 65.98 Dollars($)	Posted: Tue Mar 24, 2009 10:12 am    Post subject: Like 0 Dislike 0 I dont' think the sky is falling here. They can't foreclose on you from the 2nd lien position. You do need to get your ex-boyfriend on the phone with the lender to straighten out this situation with them. Are you not able to afford that payment anymore? Are you behind on your first mortgage? _________________ Chris Burns Five Stars Mortgage, LLC Office: 800-871-2636 ext. 200 Cell: 407-456-3697 Florida Mortgage Five Stars Mortgage On Facebook
gino Guest	Posted: Thu Jul 22, 2010 6:32 am    Post subject: second mortgage Like 0 Dislike 0 we took a second mortgage about a year ago. We stopped payments on it right after 2 month. We never received a bill,call or any warning after that. We look at our credit reports and see no information about it. Nothing! What happened? Can somebody explain?

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