2nd Mortgage Zone

Two residential mortgage is good (no payment). The second mortgage is the lender that the investment house. If the investment house foreclosure with negative equity, the first property in danger? Talk to the lender. Also talk to a lawyer. If you transfer your home away from home for a company you are going on it in isolation, can not be counted as a liability. The company must be involved. Although the ownership of the cabin about a company, is loan is still in your name and can not be transferred. An exclusion of other property shall not apply for a loan early. The two loans are secured by two properties, can the lender go after security checks used for the loan. The big question is whether the state has what they call a "deficiency law". If the state such a law, they can come after you for the difference between the value of the loan and the foreclosure sale of the property.