no that would be wrong
No. It is home equity line of credit that is secured by your home. You use it to buy things and if you buy too much and can't make the payments the bank can foreclose and take your home.
no, not if it is a 1st mortgage. because of the mortgage tax relief act of 2007
yes
there never was a home
If you foreclose on your 2nd home, it will not affect your primary home. It will actually free up money so you can pay your first mortgage.
Yes; they can foreclose technically even if you're only 30 minutes late.
The bank will only take the home they foreclose.
Yes apprently they can as they are doing it to me!
Participate in the Sheriff's sale.
yes
Not very likely
yes you can