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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Forclosure threat from unpaid 2nd. Posted by Ward-CA- on September 28, 2001 at 12:00 AM In Reply to: Forclosure threat.... posted by Latonia Floyd on September 28, 2001 at 8:50 AM : I am behind on my payments for my second loan on my house but I am current on the original loan. Can the lenders of the second forclose on my property? =•=•=•=•=•=•=•=•=•=•=•=•=• Latonia, every secured, voluntary lien holder can avail themselves of the foreclosure process when their loan is in default—so yes, your second lender can foreclose on your property. Why would you think otherwise? The only difference in being second rather than first is one of priority. The power of forcing a foreclosure sale is identical to both. Hope this helps. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : I am behind on my payments for my second loan on my house but I am current on the original loan. Can the lenders of the second forclose on my property? : =•=•=•=•=•=•=•=•=•=•=•=•=• : Latonia, every secured, voluntary lien holder can avail themselves of the foreclosure process when their loan is in default—so yes, your second lender can foreclose on your property. Why would you think otherwise? The only difference in being second rather than first is one of priority. The power of forcing a foreclosure sale is identical to both. : Hope this helps. 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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