Legal Question in Real Estate Law in Ohio
second mortgage
they say they are going to foreclose on my sec. mortg. I lost my job at Delphi and my wages are half of what they were, my first mortgage worked with me and extended my loan and moved my late payments to the end of the loan. the second mortgage told me to bad they do not care and for me to quit trying to get a free handout. What can I do?
Asked on 3/30/07, 2:46 pm
1 Answer from Attorneys
Robert Rosplock
Rosplock & Perez
Re: second mortgage
If you can show the ability to pay future installments of the second mortgage, you may want to discuss with an attorney a Chapter 13 bankruptcy. The lender has no obligatoin to extend your loan otherwise.
Answered on 4/02/07, 9:18 am