Re: Foreclosure info.

Posted by allyson G on December 21, 2005 at 13:21:07:

In Reply to: Foreclosure info. posted by Brian Knoll on July 07, 2003 at 14:14:11:

: My father has a moblie home that he is no longer able to afford. He was told by the people that he financed it through that if he walks away from the home that he would owe the difference of what the bank could sell it for. Is there any truth to that? Also if anyone knows of another solution other than foreclosure it would be greatly appreciated.

Can a bank foreclose on a second mortgage? If yes, what happens to the first morgage company?

Follow Ups:

Name    : 
E-Mail  : 
Subject : 

Comments:

: : My father has a moblie home that he is no longer able to afford. He was told by the people that he financed it through that if he walks away from the home that he would owe the difference of what the bank could sell it for. Is there any truth to that? Also if anyone knows of another solution other than foreclosure it would be greatly appreciated.

: 
: Can a bank foreclose on a second mortgage?  If yes, what happens to the first morgage company?



Optional Link URL : 
Link Title        : 
Optional Image URL: 

    

    
    
    
   

Foreclosures Section

Foreclosure Help

Foreclosure Investing

Real Estate Articles

Our Site Resources

Discussion Archives