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  1. #1
    Join Date
    Dec 2009
    Posts
    1

    Default Will a Second Mortgage Lender Foreclose with No Equity

    My question involves a foreclosure in the State of:N.H.

    I filed chapter 7 and did not reaffirm my mortgages .I have been paying both until this month. I did not pay the second. The condo is worth $160 about what my first mortgage is. I am almost finished getting a modification with my first mortgage ,but the second refuses to talk about modification. If I stop paying will they foreclose and get nothing or will they get reasonable ?

  2. #2
    Join Date
    Sep 2005
    Location
    California
    Posts
    65,646

    Default Re: Will a Second Mortgage Lender Foreclose with No Equity

    That's impossible to know in advance. A lot of second mortgage lenders have acted unreasonably in the last few years.

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