Friday, December 10, 2010

If I have two houses two mortgages and I am in default on a mortgage the bank banks are different for each family

If I have two houses, two mortgages and I am in default on a mortgage, the bank (banks are different for each family), which holds the mortgage after a bad second home? Not until the payment is made. No, but if you leave the seized property and sue and get a disability decision (about the house sale does not cover the loan balance), then put a restriction against the other property. The bank will use this house with a mortgage. Even if you do not take responsibility for that money money.or is still possible for a short sale is determined. Although you can not put liens on your other activities so that it is also determined. You spoke with the lender in case of default and see if something can be developed to protect you and your credit card? And "certainly worth a try. Good luck.

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