Have 2 loans both are private lenders 1st and 2nd mortgages can you profile liquidation and save your home?
Answers:
You need to file for a 'homestead' next to the county recorder and that should protect you from losing your house.
But it will also alert other creditors of potential problems.
You can keep the home as long as you keep paying on the mortgages. In collapse terms, you "reaffirm" on the mortgage debt.
If you want to lose the mortgage payments, you have to afford up the home.
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