Forclosure - Is the second house at risk?
Posted by Jack on February 25, 2008 at 22:57:22: I'm upside down on my primary residence, and I own a second house free and clear, both in California. My company is laying off a lot of people right now. If I get caught up in the next layoff, I won't be able to pay the mortgage, or sell for what I owe on my primary residence. If I lose my primary residence to forclosure, and move into the other house, will the bank be able to lien the second property or obtain a jugdement forcing me to sell the second house to satisfy the debt?
Follow Ups:
- Re: Forclosure - Is the second house at risk? - Julio Martinez-Clark 09:19:34 02/26/08
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- Collection Agency Chasing Purchase $ 2nd(HELOC) - joel 10:48:46 08/30/08
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- Re: Collection Agency Chasing Purchase $ 2nd(HELOC) - Julio Martinez-Clark 11:03:07 08/30/08
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