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Can my second mortgage foreclose on my home
March 31, 2008
I have just received a foreclosure notice prepared by the the agents for my Second loan, in which they state that they are going to proceed with a sheriff Sale of the property if the arrears is not paid in full. How can they sell the property if they are not the primary lender (which means that they do not have the Deed to the property? Your earliest reply would be most welcome.
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Comments
Second Mortgage Lenders, Tax Collector can foreclose on that loan, yes ma'am .. get the second mortgage current or you might want to consider Chapter 13 to repay the arrearages which will help you keep your home as long as you can pay the first, second mortgage and the monthly arrearage paymetns to the trustee.........discharge your credit card debt at the same time!