Legal Question in Bankruptcy in New York

Behind on 2nd mortgage

If I am making my 1st mortgage payments on time every month but am behind on my 2nd mortgage which is a home equity line of credit, what will happen? Will that bank issue a lien against the property or will they foreclose on me. Also, what about credit cards or unsecured debts, can they do anything to your property?


Asked on 5/29/07, 4:12 pm

1 Answer from Attorneys
Lissa Luke Luke Law Offices PLLC

Re: Behind on 2nd mortgage

Unfortunately, I can't tell you what the bank WILL do. The bank does, however, have the option of foreclosing on your property if you do not satisfy your obligation to them.

With credit cards or unsecured debt, they first have to obtain a judgment against you and then they can take certain steps to satisfy that judgment, such as placing a lien on the property.

For further information, please call my office to schedule a consultation.

Lissa Luke, Esq.

This information is provided for educational purposes only. This response does not establish an attorney-client relationship with this firm. An attorney-client relationship with the Luke Law Offices will only be formed once this office has been formally retained as counsel or has recognized such a relationship through a written document.

Read more
Answered on 5/30/07, 1:49 pm


Related Questions & Answers

More Bankruptcy Law questions and answers in New York