· What are the consequences if I do not pay the second mortgage but stay timely on the first? I have a first and second mortgage financed by the same company. The second is a 125% loan to value. Needless to say, the housing market has tanked and I would be lucky, if.
Information Stop: florida-second-mortgage A second mortgage – also referred to as a home equity loan or home equity line of credit – is just what it sounds like: another (second) mortgage on your home. Like with your original mortgage, your second mortgage is secured by your home, meaning that if you don’t pay the loan, the bank can take.
· Can a 2nd mortgage in florida come after me after the statute of limitations has expired. the home was purchased in 2006 but foreclosed on 2007. We did not make a.
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· Because all of your information is verified – a process we promise to complete within 24 hours, you can be sure that your mortgage approval is the real deal. real estate agents and sellers can have confidence that you’re good for the financing. It gives your offer the strength of one from a.
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