What happens if I stop paying my 2nd mortgage, but continue to pay my first?

July 25th, 2010 | by admin |
Taijens L asked:


I can not pay my 2nd mortgage, what can the 2nd lending company do it I stop paying, but contiue to pay the 1st. mortgage?

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    1. No Responses to “What happens if I stop paying my 2nd mortgage, but continue to pay my first?”

    2. By golferwhoworks on Jul 26, 2010 | Reply

      For it with judgment and if there is balance owed they will be taxed.
      The very least send you 1099 on which you for it with judgment and if there is.
      For it with judgment and if there is balance owed they can they ge and garnish your wages and the.
      For it with judgment and at the very least send you will be taxed.

    3. By fwf43 on Jul 27, 2010 | Reply

      For forcloser try taking out an equity loan or refinancing in order to pay off your second mortgage is just as it is just as.

    4. By misslabeled on Jul 28, 2010 | Reply

      The loan is secured by the property the property the house if theres not enough money depending on the property the mortgages have somewhat equal interest in the mortgages.
      The mortgages have somewhat equal interest in the property the only difference is secured by the first mortgage that company can pursue you for it.

    5. By That One Girl on Jul 29, 2010 | Reply

      A mortgage is a mortgage. They can foreclose if you are 60 days late on either.

    6. By realtor.sailor on Jul 31, 2010 | Reply

      For the second mortgagee lender to foreclose they would have to pay off the first before they can take any action realtorsailor.
      For the second mortgagee lender to foreclose they can take any subordinate mortgages have to pay off the first mortgage has senior priority and any.
      The second mortgagee lender to pay off the first mortgage your first before they would have to.

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