If I have 2 homes and default on 1 mortgage, does the bank come after the 2nd home too?

June 15th, 2010 | by admin |
3dTyler asked:


If I have 2 homes, both with mortgages, and I default on one of the mortgages, can the bank (different banks for each home) who holds the bad mortgage come after the 2nd house?

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    1. No Responses to “If I have 2 homes and default on 1 mortgage, does the bank come after the 2nd home too?”

    2. By . on Jun 16, 2010 | Reply

      Not as long as the payments are up to date.

    3. By Thx 4 gr8 season Rays! Luke 6:37 on Jun 17, 2010 | Reply

      No. But if you let property get foreclosed and they sue you and get a deficiency judgment (if home sale doesn’t cover loan balance), then they can place a lien against that second property.

    4. By Bunny D. on Jun 21, 2010 | Reply

      For that moneyor what money you responsible for that moneyor what money you talked to your other assets is also to your credit it is certainly worth try good luck.

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