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if your second mortgage is 16500.00 and 1st mortgage is 147000 and you are 3 payemtns behind on second mortgage will you loose your home

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Icon Mini Profile valee1966





Joined: 31 Jan 2011

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Post Posted: Mon Jan 31, 2011 10:00 am    Post subject: if your second mortgage is 16500.00 and 1st mortgage is 1470
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if your second mortgage is 16500.00 and 1st mortgage is 147000 and you are 3 payemtns behind on second mortgage will you loose your home
Icon Mini Profile adonis
adonis




Joined: 22 Oct 2005



Posts: 10569
Location: ALASKA
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Post Posted: Tue Feb 01, 2011 9:29 pm    Post subject:
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Welcome valee,

The second mortgage lender will be able to have the rights to foreclose the property in order to recover his dues.

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