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Can you buy a house and then foreclose on the first house and will it affect the recently bought house?
Wiki User
∙ 15y ago
yes you can
Wiki User
∙ 15y ago
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If i foreclose on my 2nd home how will it affect my primary 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.
What happens if you can't pay your second mortgage?
The lender can foreclose and take possession of your property subject to the first mortgage.The lender can foreclose and take possession of your property subject to the first mortgage.The lender can foreclose and take possession of your property subject to the first mortgage.The lender can foreclose and take possession of your property subject to the first mortgage.
Were does aubrey Graham live?
Toronto, Canada. He bought his first home out there here recently.
What happens if someone pays their second mortgage but not their first?
The senior mortgagee (the first) will foreclose and take possession of the property subject to the second mortgage.The senior mortgagee (the first) will foreclose and take possession of the property subject to the second mortgage.The senior mortgagee (the first) will foreclose and take possession of the property subject to the second mortgage.The senior mortgagee (the first) will foreclose and take possession of the property subject to the second mortgage.
Can a 2nd Mortgage foreclose even if the first is not?
YES
Can a bank foreclose if you dont pay on a second mortgage?
Yes. The bank could foreclose and take possession of the property subject to the first mortgage.
Who acquired First of America Bank Kalamazoo Mi?
I believe it was National City bank which was recently bought by PNC.
Does it affect a hamster if you change their that they have always lived in?
It does affect them but it won't hurt them. They just have to get used to their new home just like when you first bought them a cage.
Can a second mortgage company buy the first mortgage and foreclose?
Yes, a financial company can purchase the lien on your mortgage and then foreclose on your property if you have not made sufficient payments.The second mortgagee can also foreclose on the second mortgage and take possession of the property subject to the first mortgage. In that case, the lender would have to pay off the first mortgage before it could keep any proceeds from a sale of the property..
What factors are most likely to affect the demand for the lines of Washburn guitars?
whatt factors are most likely to affect the demand for the lines of washburn guitars? bought for the first time? bought by a sophisticated musician who wants a signature model? anonymous
What would I need to make a homemade grout cleaner?
I recently bought my first new house. I need to clean the grout out and have no idea how. How do I clean out my grout?
Can a second mortgage holder foreclose on a first bank mortgage holder?
yes, but it rarely happens.
