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  1. #1
    Join Date
    Nov 2007
    Posts
    2

    Default What Happens To A Second Home If The First Home Forecloses

    I live in California. My mother has owned a house for 5 years. A few years ago, before the market started to dip, she took out a second to pay off credit card bills. Last year, she bought my brother a condo in another city. Now, she can't afford both mortgages and owes more than the house is worth. She's considering letting her house go into foreclosure and just moving in with my brother.

    Will a foreclosure on her house affect my brother's condo? Her co-worker told her that the bank can sue her and/or put a lien on my brother's condo. Is that true?

  2. #2

    Default Re: What happens to 2nd home if 1st home forecloses?

    question one. whose name is on the "brothers" home?

  3. #3
    Join Date
    Nov 2007
    Posts
    2

    Default Re: What happens to 2nd home if 1st home forecloses?

    My mother's house is under her name only. My brother's house is under both his and hers.

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