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Can a second mortgage foreclose on your home?


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Anonymous (not verified)
22-02-2011

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Hi, A second mortgage lender can foreclose the property. However, it should be noted that if the second mortgage lender forecloses the property, then he will have to pay off the debts of the first mortgage lender before recovering his own debts. In such a situation, most of the second mortgage lenders charge off the loan and assign it to a collection agency. Thanks

jameshogg | Asked on 2011-11-30

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