2nd Mortgage Zone

Home has $ 16,000 negative equity, first mortgage, which we did. As our second mortgage that is not appropriate due to the loss of a job, the leaves? Sometime in the negative --- no justice. A second mortgage is the first subordinant. Regardless of why it is not current, it is, and it will affect your credit card. When they close, so your lender to start intervene first. To HUD approved credit counselor to get to the options. Talk to your lender for a loan modification, loan patience, and the Obama help for homeowners program. Keep calling and speak more than one person to the lender. You still have negative equity in a mortgage - to create negative equity, participation in one or two mortgages, and then subtracting the value of real property - negative equity.