Posted on: 25th May, 2009 07:12 pm
due to loss of income 2 years ago, our second mortgage company foreclosed on our property. now 2 years later i was served with foreclosure summons on the same house because apparently the 2nd mortgage company did not communicate with primary lender. the original loan is still under our name , tax records are under our name , andwarranty deed all except title which was signed by an asset management. they have stopped paying the house and primary lender has located us in another state and served us with a summons with the intent to foreclose said property. now cani salvage my home again ????
Hi roserodriguez,
You have mentioned that your house was already foreclosed by the second mortgage company. The first lender cannot foreclose the same property again. He can either charge off the loan or garnish your wages. You need to contact your first lender and discuss the whole issue with them. You can also include your second lender in the talks.
Thanks
You have mentioned that your house was already foreclosed by the second mortgage company. The first lender cannot foreclose the same property again. He can either charge off the loan or garnish your wages. You need to contact your first lender and discuss the whole issue with them. You can also include your second lender in the talks.
Thanks