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Old 05-02-2008, 02:31 AM
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Default which law covers a second mortgage loan after a...

...foreclosure? my home went through forclosure and was sold. I had a second loan on the house and the loan company sent it to a collection agency to try and collect. I believe there is a law that would prevent them from being able to collect on the second.
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Old 05-02-2008, 04:01 AM
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I have not heard of no new law. If there was enough equity after it was sold, they need to pay the second mortgage. This would be something to check into.
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