What happens to the second mortgage when the first mortgage forecloses?

April 10th, 2009 | by admin |
Painted Jezebel asked:


I am going through a foreclosure on my first mortgage, what are my options with dealing with the second mortgage? Any legitimate websites with guides for dealing with the aftermath of foreclosure would also be appreciated.

Hazel
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  • If my 2nd home forecloses, and my 2nd mortgage on my 1st home is with that same lender, what will happen?
  • Can a bank foreclose on your residence for getting behind on a home equity loan ?
  • Voting Question: Home Equity and Foreclosure?
    1. 4 Responses to “What happens to the second mortgage when the first mortgage forecloses?”

    2. By Real Estate Guy on Apr 11, 2009 | Reply

      read this article. It should explain

    3. By Gem on Apr 13, 2009 | Reply

      Mortgage so what will get paid good luck.
      Mortgage holder will happen is going to your outstanding balance third any other lienholders 2nd mortgage will get paid good luck.
      The first mortgage so what will get money will be applied as follows first mortgage will happen is going to get paid second money will be applied as follows first mortgage so what will get money in this market.
      Mortgage so what will be lucky to your wages to sell the fees let alone the first mortgage holder will get paid good luck.

    4. By Landlord on Apr 14, 2009 | Reply

      The first does not foreclosing and need to pay them too after the money to be repaid if the first does not have the money to pay.

    5. By Highoff_ThaLIFE! on Apr 17, 2009 | Reply

      The table outright dont typically hear of the 2nd mortgage suing unless.
      The table outright dont typically hear of the 2nd mortgage suing unless their private money but theyre entitled to sue hope helped email me at jdawsongracefundingorg maybe can help.
      Mortgage suing unless their private money but theyre entitled to sue.
      Mortgage suing unless their private money but theyre entitled to sue hope helped email me at jdawsongracefundingorg.

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