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

    Sep 12, 2007, 09:29 PM
    Purchase Money Finaning- Home Equity Loan
    I have a purchase money 2nd loan that has foreclosed. The first mortgage ran the foreclosure and there was nothing left for us. My question is is there is still some recourse on the 2nd mortgage or does it fall into the non recourse category
    excon's Avatar
    excon Posts: 21,482, Reputation: 2992
    Uber Member
    		  
    #2

    Sep 13, 2007, 06:52 AM
    Hello l:

    I can tell you've got a big problem, but I can't tell what it is. Please explain again what the problem is.

    excon
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