I am currently in foreclosure and negotiating with my lenders. In talking with the bank on the second which is a line of credit for $100,000 he mentioned that this loan is unsecured. If I would allow the house to go to foreclosure, can he come after me somehow if it doesn't sell for an amount that would cover both the first and the second? He even said they may be interested in buying the house to protect themselves.
I'm in Louisiana.