| Help Stop Foreclosure Chat about everything Mortgage related. our staff are ready to answer any Mortgage questions you may have. All advice is free. |
 |
03-25-2011, 05:05 PM
|
|||
|
|||
Is using the same collateral for 2...
...different mortgages legal? Basically I have 2 mortgages from different companies with the same collateral. They were both originally written by the SBA but one was sold to another bank. One mortgage is for a house with 60 acres of land as collateral, and the second was for a mobile home park with the same 60 acres as collateral. I heard that this was illegal is that true?
    |
Linear Mode
