Posted on: 22nd Aug, 2010 07:16 am
Is it possible to do a DLF with a 2nd Mortgage/HELOC with a bank other than the main lender?
You can apply for a deed in lieu of foreclosure though you have a second loan with some other lender. The first lender will forgive the balance dues after the sale but the second lender can come after you for the balance amount.