foreclosure

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Icon Mini Profile jpalomares4




Joined: 15 Sep 2009

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PostPosted: Mon Sep 21, 2009 9:26 am    Post subject: foreclosure

when you have a 80/20 loan and do a foreclosure do you still need to pay the second loan?
Icon Mini Profile chrisburns
chrisburns
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Joined: 13 Nov 2007

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Location: Florida
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PostPosted: Mon Sep 21, 2009 12:59 pm    Post subject:

Was the home foreclosed? Typically that is all handled by the judge during the foreclosure process.
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PostPosted: Mon Sep 21, 2009 1:43 pm    Post subject: mortgage

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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