I have two properthy. On one property I have two mortgage lender. If I were to forclose on my house, can the lender from a second mortgage put a lean on my current house?

I read somewhere that banks that hold your second morgage can agree to be of secondary importance so that my primary resonsibility is my first mortgage even to the exclusion of the bank that holds my second mortgage?

So that your second payment will be based on a 30 year fixed rate rather than a refi. Will it be a smart thing to do. When you sell out you can pay the second mortgage with the first and still walk with remainder of equity. Is this legal and does it make since.

My husband and I are getting divorced. he left me with bills I can’t afford. I’m in danger of losing my home and I know I can afford to pay on the mortgage itself and the utilities with only my income but I couldn’t possibly afford a second mortgage payment too. I’ve been thinking of bankruptcy because he has everything behind and I am in debt I never knew existed. Is there any way for me to keep thje house without paying 2 mortgages? Any suggestions?

I’m looking for about 35k to 40k second mortgage; 133k in equity but low FICO scores. I need help for a short term (possibly 6 months) and I will pay whatever interest rate is required.

I had 2 mortgages, one for 80% and one for 20%. The first mortgage company foreclosed. It was sold. The second mortgage company did not foreclose. Public records now show my name and the new owners name. Do I still own 20% of the house?

If a foreclosure has a first and second mortgage and back taxes does the new owner have to pay the second and back taxes to accuire(own) the property?

Please only people with Title COmpany information answer this question. I asked my bank, and they could not answer my question. Here is the situation.

The house we live in was owned my my mother in law, and she had a second mortgage taken out on the house of $50,000 (that is all that is owed on the house) Approx value of the house is $400,000+.

She passed and the house went into the name of the trust with 3 siblings.

The $50,000 loan was a variable interest loan, and is now skyrocketing.

Can we get a mortgage loan for the $50,000 and keep the house in the name of the trust (with all 3 siblings still on the trust).?

Can we keep the property in a trust?

What steps must we take to do this (obviously all 3 members on the trust have to sign).

Thanks in advance.

I am current on my first mortgage, but about 2 months late on my second. Can the second mortgage foreclose on my home if I am current on the first?