2nd Mortgage Zone

I can not pay the new loan, which can no longer be the second mortgage company can pay me but contiue to pay first. Mortgage? they can also can force a foreclosure as the first lender. They will sell the house and the first lien holders get their money, some things remain on the GE and when not to use a balance of debt to come to a meaningful and garnish your wages and at least send you a 1099, you are in charged. Your second mortgage is exactly as it is. A second mortgage. If you stop paying, they can apply for forcloser. Try a loan or refinancing to pay off the second mortgage. Mortgages have a similar interest in the house. If you default on second mortgage allows the company to stop because the loan is secured by mortgages. The only difference is when the house closed and sold the first mortgage paid before the others. Anyway, you end up losing the house.