2nd Mortgage Story

Instead of getting nothing if the bankruptcy, would accept a second mortgage to go with only a few thousand dollars in a short sale? We expect to sell for $ 120.00, but the real estate agent for at least 113 fee will be $ 200, and the company first mortgage oluld receive U.S. $ 107 000, while only about $ 6,000 left to d others, but we got $ 42,000. You can have some influence. Another mortgagee (lender) can not, because it would take the first mortgage. All you can do is ask, but if you're failing, you probably do not speak. realtor.sailor Maybe, but I doubt it. Take on the chin here anyway. Bankruptcy will not help (or reduce its share of $ 0) would be $ 0 if the property is fenced and the auction for less than $ 107,000. Unless you're already over 60 days late on your mortgage, let alone a short sale. Good luck!