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2nd mortgage in collections

Discussion in 'Foreclosure, Repossession, Auctions, Short Sales' started by alex1001, Mar 19, 2009.

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  1. alex1001

    alex1001 Law Topic Starter New Member

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    I had a house foreclose last year, and the 2nd mortgage has started to call me after 5 months. They sent the loan to collections. What are my options? Am I obligated to pay the loan? And why the 2nd and not the first? Should I file for bankruptcy? Please help!
     
  2. Duranie

    Duranie Moderator

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    2nd mortgages may still be payable as they probably will not get much or anything if the house forecloses. You might want to see a BK attorney.
     

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