Posted on: 21st Sep, 2009 09:26 am
when you have a 80/20 loan and do a foreclosure do you still need to pay the second loan?
Was the home foreclosed? Typically that is all handled by the judge during the foreclosure process.
no not yet but if i cant do a short sale then probably it will go to foreclosure. i'm current on my payments for now but not for long. same question with short sale what will happen to second loan?
