Legal Question in Credit and Debt Law in New York

Non-Payment of 2nd Mortgage

What can be done if we're holding a 2nd mortgage and borrower is unable to refinance to a larger amount on his 1st mortgage to pay us off due to bad credit?


Asked on 1/24/07, 10:09 am

1 Answer from Attorneys
Robert R. Groezinger GroezingerLaw P.C.

Re: Non-Payment of 2nd Mortgage

If the loan is due, you can renegotiate it or foreclose on it. Feel free to call this office to discuss any options.

Good Luck

RRG

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Answered on 1/24/07, 12:20 pm


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