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    steveb911's Avatar
    steveb911 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jul 31, 2008, 10:30 PM
    My second and third mortgage
    If my second and my third mortgage guarantor filed for bankruptcy do I lose my house
    George_1950's Avatar
    George_1950 Posts: 3,099, Reputation: 236
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    #2

    Aug 1, 2008, 06:09 AM
    Quote Originally Posted by steveb911
    if my second and my third mortgage guarantor filed for bankruptcy do i lose my house
    Probably not. The guarantor could reaffirm the debts.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #3

    Aug 1, 2008, 06:12 AM
    Most likely not. Is this person just on the mortgage as a guarantor/co-signer or are they on the deed also.
    joanne 1986's Avatar
    joanne 1986 Posts: 165, Reputation: 7
    Junior Member
    		  
    #4

    Aug 1, 2008, 06:21 AM
    I think this will only effect you if the guarantor is actually on the deed! You could try phoning up your lending and asking there advise if haven't already done so.
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