[parasite414]

to go into foreclosure if payments are current on the 1st? I have 2 mortgages and was wondering what happens if one goes into default, can the mortgage in default cause foreclosure on both the 2nd and 1st mortgage?

[Tracker]

Yep. Not paying home equity loans can cause them to foreclose on your home. Your home would be collateral on the second loan, therefore if you don't pay it, they take your home.

If you're having trouble paying I would contact your lender immediately and see if you can work something out with them until you can get caught up. See where you can shrink your budget, taking money from other things to pay for the second mortgage. No more eating out or movies, etc. Tighten up the budget.

[877YouKeep]

Tracker I think you missed the point. No, a first lien will not foreclose if you are current. The second would file and the first would represent their interest at the foreclosure auction. If you are going to try to work a short sale if the value is not there the first would consider a short sale even if you are current.