| Mortgage Forclosure The forum for everything related to Mortgage Forclosure |
 |
07-08-2011, 04:47 PM
|
|||
|
|||
what happens in foreclosure when two mortgages were
taken out on a condo or sfr by the same bank? when i mean two mortgages i mean that perhaps one loan was the mortgage for the amount of the loan itself w/maybe interest factored in. the second loan is a way smaller amount ($30ks), and is considered a line of credit, revolving line of credit, etc? Could the second loan's purpose be to pay for interest? also, what happens to these two loans when a home is in foreclosure?
    |
Linear Mode
