Some Realtors say homebuyers should think twice before making an offer
Pioneer Press - Short sales take time because Wells Fargo has to negotiate the short-sale offers up the chain with investors who purchased the mortgages it services, negotiate with the second mortgage holder and calculate the exact present value of the property

Unsecure Identity
The State Journal - They could take it into the bank, say they were Charli Fulton, give my Social Security number and tell the bank they wanted to take out a second mortgage. “Well, the banker pulls up my credit report, sees the credit cards I have open, the ones I

Homeowners aren’t without options when faced with foreclosure
Seattle Post Intelligencer - High-interest second mortgage: When a property has equity, there are companies that will give you a second mortgage, in an amount as high as 70 percent of the equity available. The interest rate could be as high as 18 percent and the fees can be

Treasurer could face 12 years in prison
Redlands Daily Facts - The court record also showed that during the interview Reynolds said he looked into taking a second mortgage out on his home so he could return the money to the trust account, but he plans to use money from a large legal settlement instead.

Wealthy Marin not immune to foreclosure crisis
Marin Independent Journal - He tried to refinance but said the lender that held the second mortgage refused to sell the note. Despite having plenty of equity, he was unable to restructure his payments, which forced him to default on his loans. Foreclosure proceedings began.

Cry for Me, Argentina (and Russia and China)
Slate - A typical entry chronicles the purchase price, tracks down the amount of debt on the property, and then calculates how much each party the buyer, the first mortgage holder, the second mortgage holder stands to lose assuming the seller receives