Legal Question in Credit and Debt Law in Florida

Foreclosure

If I am behind in a first Mortgage, and also a second mortgage, can the second mortgage company foreclose on me if the first is willing to make payment arrangements? I am three months behind in the first, and now four months with the second.The second mortgage co is threatening to Foreclose. Any sugesstions?


Asked on 8/22/01, 9:11 pm

1 Answer from Attorneys
Alexander M. Rosenfeld Rosenfeld & Stein, P.A.

Re: Foreclosure

The 2nd may foreclose regardless of the status of the first. Since you are behind on both, you need to either negotiate a plan to bring the mtgs current or to file pusuant to ch 13 of the bkc law. The latter is probably the best choice. If I can help, call me at 305.940.8080

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Answered on 8/29/01, 6:51 pm


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