| Mortgage Forclosure The forum for everything related to Mortgage Forclosure |
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03-08-2009, 06:17 PM
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2nd mortgage foreclosure advice?
After a foreclosure, Can the 2nd mortgage go after my personal assets or make me pay?the property is in AZ. The original loan was 80/20 100% financing. A collection company is calling that I need to pay them, but I dont have the property anymore, foreclosed in Oct. Please advice.
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03-08-2009, 07:41 PM
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If the 1st mortgage forecloses any other mortgage lender can try to collect the amount owed from you and even go to court and get a judgment for the amount owed and then do all legal means to collect that judgment.
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