2nd Mortgage Zone

I have two mortgages and wondering what happens if you default, mortgage default, foreclosure of the first and second mortgage? Yep. Failure to do so can pay the home equity loans in foreclosure of lead from home. Your house is collateral for other loans, so if you do not pay they take home. If you have problems paying, I would immediately to the lender and see if we can work something with them before you can take. To find out how to shrink the budget to pay for with money from others for second mortgages. Do not eat or movies etc. Take your budget.