top Ad Widget

Collapse

Announcement

Collapse
No announcement yet.

2nd mortgage question

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    2nd mortgage question

    We had our house sold under forclosure a few years ago, it had a 2nd mortgage on it which I assume they use the house as collateral.

    Im still getting bills for the 2nd mortgage. Since the house was sold is this still a secured debt?

    Thanks..

    #2
    It depends on state law, but 2nd mortage holders may be allowed to pursue a deficiency balance as a general unsecured debt.

    Comment

    bottom Ad Widget

    Collapse
    Working...
    X