2007-10-29 05:21:57 · 9 answers · asked by jtozer2003 1 in Business & Finance ➔ Renting & Real Estate
YES!
2007-10-29 05:40:36 · answer #1 · answered by rumbler_12 7 · 0⤊ 0⤋
Yes, but they would have to pay the 1st mtg before they would get their money. If you are having problems, call your 2nd mtg holder and see if something can be worked out. With any mortgage, getting in default can be bad, real bad. Talk to the lender, they may have some options that will save everyone a head ache.
2007-10-29 06:19:34 · answer #2 · answered by W. H 2 · 0⤊ 0⤋
Yes, but they will have to pay off the first to do so. Either way they CAN take the house from you.
2007-10-29 05:58:19 · answer #3 · answered by Anonymous · 1⤊ 0⤋
there is not any "secondary" on a private loan - and "cosign" is a plenty misused term. grow to be he a joint borrower or a guarantor (cosigner)? The foreclosures is a controversy of public checklist and could might desire to age that's way off his credit history - there is not any getting around that.
2016-09-28 01:27:59 · answer #4 · answered by coughlan 4 · 0⤊ 0⤋
Yes, but they will have to pay off the first mortgage.
Hope this helps.
Terry S.
http://www.Welcome2Arizona.com
2007-10-29 15:30:37 · answer #5 · answered by Terry S 5 · 0⤊ 0⤋
the IRS can do it, your home owners association can do it, pretty much anybody that is stated on your prelim as an interested party can start the forclosure preceedings.
But yes they can.
2007-10-29 06:40:19 · answer #6 · answered by KRDB 2 · 1⤊ 0⤋
yes
2007-10-29 05:25:26 · answer #7 · answered by oldguy 6 · 0⤊ 0⤋
yes
2007-10-29 05:24:10 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Sure can but they will have to keep the 1st mtg payments current.
2007-10-29 06:10:03 · answer #9 · answered by Leo F 4 · 0⤊ 0⤋