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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Please answer foreclosure question Posted by HL on September 12, 2001 at 3:14 PM Hello, we live in Idaho, and are in a situation we are not sure how to handle. My husband recently was permanently laid off from work where he was making a higher salary than normal here in Idaho. He has not been able to find a job that would pay enough to keep up our first and second mortgages. We are beginning to believe it would just be better to let the house go. But, our house is not worth what we owe due to the second mortgage. What are the ramifications of doing this because of having two high mortgages, the second higher than the first? Would we have to pay the balance if there is a 30,000 difference? Any help in this matter would be greatly appreciated, thankyou. Follow Ups: Re: What's possible vs probable Ward-CA- 8:01 PM, 09/12/01 (0) Re: What's possible vs probable Ward-CA- 7:59 PM, 09/12/01 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Hello, we live in Idaho, and are in a situation we are not sure how to handle. My husband recently was permanently laid off from work where he was making a higher salary than normal here in Idaho. He has not been able to find a job that would pay enough to keep up our first and second mortgages. We are beginning to believe it would just be better to let the house go. But, our house is not worth what we owe due to the second mortgage. What are the ramifications of doing this because of having two high mortgages, the second higher than the first? Would we have to pay the balance if there is a 30,000 difference? Any help in this matter would be greatly appreciated, thankyou. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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