Second Mortgage

I'm going on 3 months now due on my mortgage. In other words my house goes into foreclosure. I have a second mortgage that I am going on 2 months past due. I can not catch up on my mortgage. I want to know that I should continue to pay the second mortgage? I already know that foreclosure is in preparation. Do not second mortgage is paid first when the house is sold. (Florida)

It is useless to continue paying on the second. Let mortgage may exclude from your home. The first mortgage will be paid first if you want to keep them happy. There is very little chance the second will have nothing to sell your home. If you can catch the first, you can probably make a deal with the second. They would rather get something than nothing.

These two people are good and evil. The second will not rule out if there is no equity in the house of their position. Ultimately, if you can not go home and leave www.platinumreic.com help. If I were in your place and there was no equity, I would not pay the 2nd.

First that gets paid is a person with privileges on the house
The second is your second mortgage holder
Third or last if the original owner of the mortgage Why? Because they are home, and have the most invested in it. They will then try to sell it, if it does not sell for the amount due (perhaps even for auction) or you end up with a ruling against you for the difference, plus attorney fees, interest, taxes additional , etc., or they remove and send you a 1099 for the amount of radiation. (In some states, which is compulsory) then you will be responsible for all local, state and federal taxes on money, are taxed at rates as if it were a grant that goes to build approximately 30-36%. The taxation of government bodies have not adopted within two pay now or we will garnish your wages, tax returns, etc. with interest until paid.

No, the first position mortgage is paid first. First position is determined by the age of the loan. In this case, your first mortgage is in first position and gets paid first. They are also the only one who can really take on your home.

Looks like you're in a difficult situation. I would like to continue making payments if you can, and try to keep the house OUT of foreclosure. Try to sell it before giving it to the bank. A lock is really bad for your credit, and you can also contact a bankruptcy lawyer. If you need to sell quickly, I may be a buyer in Florida on my list of buyers. E-mail me information on the property.

Vick is wrong - the holder of the mortgage 2nd and 1st MAY excluded if does not work. An HOA can even lock if you are behind on their payments too.
If they are negative and you do not plan on fighting it, why pay a mortgage? Save up a deposit on an apartment.
They will pay the 1st mortgage first, then the 2nd. Any balance will result in a trial, garnishment potential and Leins, etc. ..