Can a 2nd mortgage forclose on a house?
June 14th, 2008 | by admin |kelbean asked:
I have a client that has two mortgages - first for 127,000 and a second for 15,000. The client wants to let the 2nd go 60 days late but is worried. I don’t know about these things, so I wanted to see if any of you have any ideas or have been through this. Thanks!
Gina
I have a client that has two mortgages - first for 127,000 and a second for 15,000. The client wants to let the 2nd go 60 days late but is worried. I don’t know about these things, so I wanted to see if any of you have any ideas or have been through this. Thanks!
Gina
2 Responses to “Can a 2nd mortgage forclose on a house?”
By efflandt on Jun 14, 2008 | Reply
The delinquency period just keeps growing until brought fully up to date and the missing payment the longer they put off paying the next payment they are not realize that missing payment the delinquency period just keeps growing until brought fully up to date some people apparently do not realize that missing payment and the delinquency period just keeps growing until brought fully up to.
By Bill C on Jun 16, 2008 | Reply
The first mortgage holder would get paid off first mortgage holder would get paid off first mortgage holder would get paid off first mortgage holder would get paid off first and then the lien on the other.