Legal Question in Real Estate Law in New York

second mortage

i have had problems with my mortgages but have worked out a deal with my first mortgage to keep current and pay half a pyment extra each month to catch up but my second mtge will not work with me i am only behind 2 months but they are threating foreclosure is this possible and any ideas


Asked on 1/26/08, 6:55 pm

1 Answer from Attorneys
Christopher McDonald Law Office of Mitchell Mund

Re: second mortage

While I do not practice foreclosure law, I can tell you this is possible. If a lender lends you money and you fail to pay, they can enforce their rights whether they are a first or second mortgage holder.

You should contact a local attorney who handles foreclosures for help as soon as possible. They may be able to convince the second mortgage holder to work with you.

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Answered on 1/28/08, 8:38 am


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