2nd Mortgage Story

If I'm behind more than three months in my second mortgage, the lender may exclude from my house? Yes On the other hand, the action on your part, triggering a default on your first mortgage, even if you pay quickly and completely. or perhaps the first mortgage holder to sell the position of the holder of the second mortgage. no way, however, that the action of the second mortgage holder to prevent the closure of the first mortgage, unless you buy it. Yes, you. If the mortgage holder may bring an action for exclusion based on lack of payment. 2. Mortgage may require a seller of property there. The holder of the second mortgage can be avoided if borrowers do not make their payments as agreed, even if borrowers are paying their first mortgage. Both the equity in your home if the borrower does not pay to close the second holder of the loans in all states of the United States.