Legal Question in Real Estate Law in Pennsylvania

Late on 2nd mortgage payments

If I am current on 1st mortgage payments (including taxes & insurance), and start to miss making 2nd mortgage payments, can the 2nd mortgage co. foreclose or will they just be able to place a lien on the property?


Asked on 3/19/07, 4:25 pm

1 Answer from Attorneys
Matthew Kelly Kelly Law

Re: Late on 2nd mortgage payments

In most cases they already have a lien on the property (a second mortgage). Yes, they can foreclose but will have to either work some deal out with prime mortgagor or they will only get what is left after prime is paid off.

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Answered on 3/19/07, 5:08 pm


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