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Old 10-13-2008, 08:16 PM
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Foreclosure: 2nd mortgage loan

What is the name of your state (only U.S. law)? California

My home was recently foreclosed. The first lender sold the home. But I had a second loan, who is now trying to collect the balance. Two loans were used in order for me to qualify to purchase the home. Can the bank (Bank of America) sue me?
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Old 10-14-2008, 04:39 AM
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Location: Ohio
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Quote:
Originally Posted by 04st29 View Post
What is the name of your state (only U.S. law)? California

My home was recently foreclosed. The first lender sold the home. But I had a second loan, who is now trying to collect the balance. Two loans were used in order for me to qualify to purchase the home. Can the bank (Bank of America) sue me?
Yep. They are still owed their money.
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