Daily Archives: September 1, 2010

How my credit will be affected & the possibility of keeping my home should I default on my 2nd mortgage?

LISAW asked: I have a 1st & 2nd. Both mortgages are current- now. I am upside down in my property. Both loans are re-setting 9/08. Since I have no equity, what is the likelihood the 2nd will foreclose? If they … Continue reading

Posted in Renting & Real Estate | 3 Comments