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 jpalomares4
Joined: 15 Sep 2009
Posts: 6
2.55 Dollars($)
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 Posted: Mon Sep 21, 2009 9:26 am Post subject: foreclosure |
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| when you have a 80/20 loan and do a foreclosure do you still need to pay the second loan? |
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chrisburns
Community Experts
Joined: 13 Nov 2007
Posts: 372
Location: Florida
64.35 Dollars($)
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| Posted: Mon Sep 21, 2009 12:59 pm Post subject: |
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Was the home foreclosed? Typically that is all handled by the judge during the foreclosure process.
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Chris Burns
Five Stars Mortgage, LLC
Office: 800-871-2636 ext. 200
Cell: 407-456-3697
Florida Mortgage
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juanita
Guest
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| Posted: Mon Sep 21, 2009 1:43 pm Post subject: mortgage |
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no not yet but if i cant do a short sale then probably it will go to foreclosure. i'm current on my payments for now but not for long. same question with short sale what will happen to second loan?
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