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second mortgage after foreclosure Oregon

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Post Posted: Sat Nov 13, 2010 11:49 am    Post subject: second mortgage after foreclosure Oregon
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I live in the state of oregon and my residence was foreclosed on. I had a second mortgage and they still are trying to collect the payments. What are the laws in oregon about this?
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jameshogg




Joined: 20 Dec 2005

Posts: 10477
Location: Nevada
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Post Posted: Mon Nov 15, 2010 12:38 am    Post subject:
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Hi Guest,

The second mortgage lender has the rights to collect the deficient balance from you. The second lender will never forgive the dues. You should negotiate with the second mortgage lender and try to get a repayment plan so that it becomes affordable for you to pay off the dues.

Thanks
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