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2nd Lien Charge Off

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myeshman Joined: 03 Nov 2009 Posts: 1 1.25 Dollars($)	Posted: Tue Nov 03, 2009 1:44 pm    Post subject: 2nd Lien Charge Off 2nd lien holder charged off balance even though I had been making modification trial payments and the 2nd was a purchase money 2nd. Am I still responsible for the balance?
smithsussane Joined: 18 Sep 2008 Posts: 3738 Location: Alaska 561.45 Dollars($)	Posted: Tue Nov 03, 2009 7:34 pm    Post subject: Hi myeshman! Welcome to forums! Did the second lender modify your second loan? If not, then the second lender can charge off the loan. Yes, you would be responsible for the payments. The collection agency would contact you and ask for the payments. Know more about second mortgage charge off from the given page: http://www.mortgagefit.com/know-how/secondloanchargeoff.html Feel free to ask if you've further queries. Sussane

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