Tuesday, November 23, 2010

Ok a couple of years I have a second mortgage on my house My first mortgage is about 220k and my second is about 60K

Ok a couple of years, I have a second mortgage on my house. My first mortgage is about 220k and my second is about 60K. What happens if I pay more for second mortgages and pay only for the first mortgage. Can I still be sold? or are they just a lien on my house? You already have mortgages, they will avoid the house. Do you already have a mortgage on your home mortgage. (You pay the loan, but mortgage or deed of trust in some countries the Bank reserves the right to take home if you do not pay the loan.) You call and ask for loss mitigation and help look at them for a change if you can not pay. I am not a lawyer, should not be construed as legal advice here. Ask a attorney.who would say the same thing, I did it. Patrick Lea, Cincinnati Agent (R) It is true that they have a mortgage on your house.

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