Legal Question in Credit and Debt Law in Florida
If You Have A First And Second Mortgage And You Can Only Afford To Pay The First Mortgage Because Of Pay Cuts And Medical Problems Can The Second Mortgage Company Foreclose And Take Your Home If Not What Can They Do
Asked on 7/19/10, 11:34 am
1 Answer from Attorneys
David Labovitz
Labovitz Law Firm, P.A.
Yes, the second mortgage lender can foreclose the second loan and obtain possession of your property in the same way that the first mortgage holder can foreclose.
Answered on 7/20/10, 3:57 am