Jun

15

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

Filed Under mortgage 

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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    • Comments

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

    1. . on June 16th, 2010 6:24 am

      Not as long as the payments are up to date.

    2. Thx 4 gr8 season Rays! Luke 6:37 on June 17th, 2010 11:28 pm

      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.

    3. Bunny D. on June 21st, 2010 9:02 am

      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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