Friday, December 3, 2010

In Florida I have a second mortgage for a person who is two months behind in payments What are the options in case of

In Florida, I have a second mortgage for a person who is two months behind in payments. What are the options in case of embargo? "Can I add other properties or assets must be applied to the mortgage? As a second mortgage holder can not be excluded, but must pay the first holder of the mortgage. But the promise is still covered. If there is a shortage you can get a conviction for assault, Get real estate, etc., but in general, may seize the security is enabled. You must also ensure that the first course. The first can be closed and is out of discussion since its second position. If you are behind the first point, time to get your interest in the property and take the first or pay the debt. may also depend on state law. If you can not get money for late payment, will be forced to make payments. If you do not enter, go against your credit score.

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