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2ND MORTAGAGE

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mpach103 Joined: 26 Jan 2010 Posts: 1 1.27 Dollars($)	Posted: Tue Jan 26, 2010 5:54 am    Post subject: 2ND MORTAGAGE Like 0 Dislike 0 I HAVE A 2ND MORTGAGE,29,000 THE 1ST 79,000 IF I STOP PAYING MY 2ND, WOULD THEY BUY THE 1ST FORCLOSE, THROW ME OUT, I PAY MY 1ST. LATE NOW 2 MONTHS ON THE 2ND, MY HOUSE IS NOW ONLY WORTH 80,000 WAS LOOKING IN TO SELLING IT BUT THE LOST IS ABOUT 36,000
jheard Moderator Joined: 12 Dec 2007 Posts: 734 Location: Houston, TX 116.72 Dollars($)	Posted: Tue Jan 26, 2010 8:03 am    Post subject: Like 0 Dislike 0 Yes. Real estate is a long term investment. If you are underwater now, you may not be tomorrow. Keep paying your mortgages and your real estate values will increase in the long run. _________________ Disclaimer: This is not legal advice and I am not your lawyer. The information provided in this forum is for discussion purposes only, and is no substitute for an in-person consultation with an attorney who can analyze all of the facts and determine how your state and local laws may apply to your specific situation.

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