[Kate K]

...have 2 mortgages with 2 seperate banks?

[Joe the Ice Cold Eskimo]

I'm not sure of you question, are you from the US?The Deed is the title to the house.. it says who owns the house..Foreclosure is when the bank takes the house into their possession because the buyer did not make their payments.If you have 2 separate loans on the house, it does not if you make one but not the other, your house will still be taken away.I hope that answers what you were trying to ask.

[liberal_60]

You can ask, but it seems unlikely. It would mean that one bank would need to accept the property, subject to the other bank's loan. The holder of the second mortgage might possibly do that and accept a deed, but there is no way that the holder of the first mortgage will do it. That is because if the holder of the first mortgage forecloses then the second will be foreclosed out, unless the holder of the second pays the first.