Posted on: 22nd Mar, 2011 12:28 pm
my husband's house has been foreclosure Dec 2008 in California. can the second loan come after him If he buying a house after Dec 2011?
Now, the other problem of second loan has popped up! my husband got a letter from collection agency. (We live in California and the second loan was purchase money only for the house which has been foreclosure).what will happen if my husband ignoring the letter? can the collection agency sue my husband and come after my husband's other house or asset (income,stock etc.)?
Now, the other problem of second loan has popped up! my husband got a letter from collection agency. (We live in California and the second loan was purchase money only for the house which has been foreclosure).what will happen if my husband ignoring the letter? can the collection agency sue my husband and come after my husband's other house or asset (income,stock etc.)?
hi milky,
if your second mortgage was a purchase mortgage, then as per california laws, you are not liable to pay it. your husband should contact an attorney and check out what actions you and your husband need to take against the collection agency.
if your second mortgage was a purchase mortgage, then as per california laws, you are not liable to pay it. your husband should contact an attorney and check out what actions you and your husband need to take against the collection agency.