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1st mortgagor foreclosed & did not pay any to my 2nd mortgage, do I have to
This is a discussion on 1st mortgagor foreclosed & did not pay any to my 2nd mortgage, do I have to within the General Chat forums, part of the Main Category category; continue to pay the 2nd? My 1st mortgagor foreclosed & did not pay any to my 2nd mortgage, do I ...
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06-15-2008, 10:41 AM
| #1 |
| Junior Member Join Date: Jun 2008
Posts: 1
| continue to pay the 2nd? My 1st mortgagor foreclosed & did not pay any to my 2nd mortgage, do I have to continue to pay the 2nd? (State of Tx) Is the secondary mortgage now considered an unsecured loan? I don't understand why I'm still obligated to pay the secondary if I don't even own the home any more.... It's 30k! |
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06-15-2008, 10:41 AM
| #2 |
| Junior Member Join Date: Jun 2008
Posts: 4
|  Typically, when the senior lien (first lien to be recorded w/county) is foreclosed upon, any junior liens (any liens recorded after) are wiped out. Contact a lawyer and they may be able to help you fix all this. |
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