Posted on: 11th Mar, 2009 01:15 pm
I currently have a 2nd Mortagage with NationStar for $ 50,000. The monthly payment is $ 550 per month. I can't make any more payments due to my financial status at the moment. My 1st Morgage balance is $ 250,000. My house lost approximately $ 160,000 in value. It's current value is around $ 190K.
What happens if I stop paying my 2nd Mortgage?
Thanks
What happens if I stop paying my 2nd Mortgage?
Thanks
hi
if you stop paying your second mortgage, they can get a judgment against you and can garnish your wages.
if you stop paying your second mortgage, they can get a judgment against you and can garnish your wages.