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Old 10-15-2009, 12:27 PM
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2nd Mortgage Help

What is the name of your state (only U.S. law)? Indiana
Last edited by 2ndmortgagehelp; 10-16-2009 at 10:27 AM.
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Old 10-15-2009, 12:50 PM
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Allowing your ex to let the house go into foreclosure is NOT fine for exactly the reason you are about to find. That house is security for both of the mortgages. Foreclosure will wipe out that security. Your only option is to pay off loan you are obligated to before foreclosure. By the way, scrambling to open additional credit cards now isn't a guaranteed answer. The scum suckers will put you in universal default and change the terms anyhow in addition to making it hard for you to get any other loans (cars, mortgages).
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