Posted on: 02nd Apr, 2010 04:41 am
We just received a loan modification on our first loan. But with the modification and the 2nd loan payment we are paying more than we were originally. can we stop paying on the second and can they forclose. We pay both loans to Chase
absolutely they could foreclose. but the likelihood is that they won't because you're paying the first mortgage. perhaps they'll look at your situation more closely if you stop making payments on the second however, and come to a better solution for you that will enable you to pay all.