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My question is about mortgage and foreclosure. Let's say for an example, individual A owns a single family home and he owes $200,000.00. He has first mortgage of $160,000.00 with Bank A and has home quity loan of $40,000.00 with Bank B. His current house value is $170,000.00. My question...
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OK, I have been renting a home for the past two years. The homeowner has filed bankruptcy and the case was granted for the first and second mortgage. Now the 2nd mortgagor has filed foreclosure for 14K. Will the second mortgage be able to have the house sold if the foreclosure is granted? The...
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If home is in foreclosure but sold in a short sale for less than what is owed on the first mortgage, is anything owed on the second mortgage? View more questions Search
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