[Dustin A]

The loan is $20,000, the mortgage company filed a claim because I was in default and the insurance company bought it....I received a letter and they said that I have to continue to pay them.. If I didn't pay them can THEY foreclose? My first mortgage was modified and the mortgage company helped me with it.....So that one is ok... So can the insurance company foreclose? Because they bought that mortgage will they be put on the deed as well?

[Nick G]

You need to confirm with the company that has or had the second mortgage that the issuer of the PMI (Private Mortgage Insurance) now holds the note and that you should be paying to them. Assuming they say that this is the case, start making payments to the PMI company right away.Since they now hold the mortgage, yes, they can foreclose on you if you do not catch up with the mortgage and they probably are more likely to do so that the original mortgage holder. Make an agreement with them as to how you will catch up. Be sure everything is in writing. If they do not send you paperwork to sign, send them a letter saying what you agreed to.Good luck!