If I non-attendance on a second mortgage(i.e. equity line) but am current next to my 1st mortgage,can i be foreclosed on?
Answers:
oh yes...
Yes. You owe an obligation to the bank that wrote that second mortgage on your property, and the collateral for the loan is your property. It is a moment or two more complicated process with multiple leinholders involved, but you can be foreclosed upon.
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