2nd Mortgage Guide

Two mortgages on the primary residence will be in good condition (no late payments). Other mortgage with the same lender that the investment house. If the investment house with negative equity home line, the first challenge? Talk to the lender. Also talk to a lawyer. If the second house, is a company that you have before it goes into foreclosure is transferred can not be counted against you. The company must be involved. Even the owner of two homes transport, or a business loan in your name, and it can not be transferred. A breakdown of the second property is related to the loan first. The two loans are secured by two properties, the lender can only go after the security used for the loan. The big problem is when you capable of what they called a "lack Law". If the state has such a law, they can come after you for the difference between credit and the sale value of the property for forclosures.