2nd Mortgage obligation in foreclosure
Posted by DLD on October 17, 2007 at 08:38:36:
My home was foreclosed upon in 2004. I had both a first and second mortgage. I did not get legal help and the first mortgage company took over the house and sold at sheriff's sale. The home sold for approximately 20K over what I owed. That money should have gone to the 2nd mortgage holder (I knew I would end up with nothing). A year later I get a collection call from the 2nd mortgage co. They NEVER put a lien on my house and so never got any money. They say it is now an unsecured loan and I owe them a huge amount with penalties and interest. Can they do this?
Follow Ups:
- Re: 2nd Mortgage obligation in foreclosure - Information 17:49:01 10/19/07
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