Does Second Mortgage Foreclosure Exist
It is not unusual for a property owner to have more than one mortgage on his property. Perhaps he has a home equity loan or a second, or junior, mortgage to defray college expenses or make some much-needed home repairs. While foreclosure generally focuses on the primary mortgage, the lien holder(s) for a junior mortgage will be lining up for their share of the foreclosure proceeds. The following will look into second mortgage foreclosure to clarify whether or not it...
View full press release