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Reload this Page the second mtg wants money

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Old 05-14-2007, 12:54 PM
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Join Date: May 2007
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the second mtg wants money

What is the name of your state? CAlifornia

My house was forclosed upon, I had a first and second mortgage. Both were obtained at the same time. My house did not sell at auction and is still for sale by the first mortgage holder. The second mortgage is asking for money. Does anyone know if I am required to pay the second, since it was not aqcuired later and the house has not sold yet?
Thanks
  #2  
Old 05-14-2007, 12:55 PM
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Join Date: Nov 2005
Location: South Cackalacky
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Quote:
Originally Posted by Ronndarocks View Post
What is the name of your state? CAlifornia

My house was forclosed upon, I had a first and second mortgage. Both were obtained at the same time. My house did not sell at auction and is still for sale by the first mortgage holder. The second mortgage is asking for money. Does anyone know if I am required to pay the second, since it was not aqcuired later and the house has not sold yet?
Thanks
Uhhhhhhhhhh, yes.
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  #3  
Old 05-14-2007, 12:58 PM
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Join Date: May 2000
Location: Catatonic State
Posts: 75,781
Quote:
Originally Posted by Ronndarocks View Post
What is the name of your state? CAlifornia

My house was forclosed upon, I had a first and second mortgage. Both were obtained at the same time. My house did not sell at auction and is still for sale by the first mortgage holder. The second mortgage is asking for money. Does anyone know if I am required to pay the second, since it was not aqcuired later and the house has not sold yet?
Thanks
**A: why not read your mortgage docs that you sgned when you got the loan. The answer is right there in black and white.
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