Tag Archives: second home mortgages

Understanding Home Equity Loans & Second Mortgages

Home Equity Loans

It could be your home improvement project which you are planning. Or you want to simply consolidate your debt or use your home equity. If you are a homeowner then a home equity loan or line of credit will help ...

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What Happens To Second Mortgage After Foreclosure On The First?

2nd mortgage

To collect the unpaid debt, a civil or deficiency judgment could be filed by the second mortgage lender. If he or she fails to recover entire loan balance after first mortgage foreclosure then he or she can issue a charge-off. ...

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