Can a lender from a second mortgage put a lean on my current house?
I have two properthy. On one property I have two mortgage lender. If I were to forclose on my house, can the lender from a second mortgage put a lean on my current house?
I have two properthy. On one property I have two mortgage lender. If I were to forclose on my house, can the lender from a second mortgage put a lean on my current house?
Yes, they can. If you fail to honor your financial obligation anywhere, it is the choice of that lender to pursue a court judgment, and then use that judgment to obtain liens on your personal property.