2nd Mortgage Story

Two mortgages on a principal residence is in order (without delay). The second mortgage is a home for investment bank. If the investment house with negative equity excludes the first house to be in danger? Talk to your lender. Speak with a lawyer. If you can transfer your home away from home for a company before you go into foreclosure, can not play against him. Company should be allowed. Although the transfer of ownership of second homes to a company, the loan is still in his name, and can not be transferred. The exclusion of other assets, had no connection with the loan early. Both loans are secured by two properties, the lender can go after the security check is used for the loan. The big question is whether the state has what they call a "right to disability." If the state has a law that may come after the difference between the loan and the sale of foreclosure property.