If you are up and current on your 1st mortgage and your 1st mortgage is 75% of your homes value, can a second mortgage with only %25 of value foreclose on you and obtain the property?
I know they can lien against the home, but not quite sure on the actual obtaining the property.

How can I satisfy the second mortgage when the employer will only pay off the 1st mortgage. Can I get a personal loan to pay it off. Will a bank loan me 80,000 to pay it off??? Sorry I wasn’t clear before.