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

    Jul 14, 2012, 04:02 PM
    Can a second lender foreclose on my property
    We borrowed 9000.00 to pay for back taxes from a Tax relief lender. Our loan was to be paid in October 2011. In May 2012 I received a letter stating I had missed 2 payments during the duration of my loan 3 years. I have never received any documentation to show what payments were missed. I have called 2 times requesting the information.
    Then I received a intent to sue for foreclosure for 1500.00. Can a second lien holder actually sue for forecloser?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Jul 14, 2012, 04:49 PM
    Yes, they can, if you put your house up as collateral.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #3

    Jul 14, 2012, 05:52 PM
    ANY question on law needs to include your general locale as laws vary by area.

    So it is possible that a secondary lien holder could force a foreclosure,but its rare. If they did get permission to foreclose, the primary lender would need to be paid first.
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