Jun

14

Can a 2nd mortgage forclose on a house?

Filed Under mortgage 

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
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Comments

2 Responses to “Can a 2nd mortgage forclose on a house?”

  1. efflandt on June 14th, 2008 5:09 pm

    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.

  2. Bill C on June 16th, 2008 1:49 pm

    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.