Asked by Mala  |  Submitted August 05, 2014

Can a debt collector foreclose your home on a 2nd mortgage?

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  Answers  |  2

September 04, 2014

Hi -
First off, never believe anything a debt collector tells you. They are still second-in-line to the first mortgagor. They can and will sue you for the money. Find a local attorney specializing in debt and bankruptcy planning.

$commenter.renderDisplayableName() | 11.12.19 @ 13:38

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June 06, 2018

I assume the question is can a 2nd mortgage holder foreclose if you stop payments. The answer is in two parts. Yes they can, however it is extremely rare for 2nd mortgages to foreclose on homes. Why?
Because they would have to pay off the first mortgage. They normally will just sit there and hope to get paid when the home is sold or refinanced in the future. Eric Olsen Executive Director HELPS Nonprofit Law Firm

$commenter.renderDisplayableName() | 11.12.19 @ 13:38

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