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Can My Elderly & Sick Parents Get A 2nd Mortgage/loan On Their Home?

Question by Kathleen | Posted in Renting & Real Estate

Dwelling in Mom's name. Married to our Step-dad for 30 yrs. Home is paid for. They profit 2500.00 mo, (soc. sec. & his pension) Our step-brother handles their finances & now says they have no gain & wants them to get a 2nd mortgage/loan on

 
 

What Happens If I Stop Paying For My 2nd Mortgage?

Question by The PC | Posted in Renting & Real Estate

Ok a few years ago i took out a 2nd mortgage on my peaceful. My first mortgage is for about 220K and my second is for about 60K. What happens if i stop paying for the 2nd mortgage and only carry on paying for the first mortgage. Can i still be evicted?

Answer: They already have a lien on your about, that's the mortgage. (You pay the loan, but the mortgage, or deed of trust in some states, is what gives the bank the in a beeline to take your home if you don't pay the loan.)

Call them and ask

 
 

I Stopped Paying My Mortgage & May Declare Bankruptcy. Will The 2nd Mortgage Be Forgiven ?

Question by EILEEN | Posted in Personal Finance

I am a fellow with a secure job & possibly getting divorced. I can't afford my upside-down mortgages alone. Is bankruptcy a compelling option to try to keep my home? Will the 2nd mortgage be forgiven so I can stay here? What other options do I

 
 

Are There Tax Implications When Parents Take A 2nd Mortgage And Repay A (non-dependent) Child's Student Loan?

Question by Onnastick | Posted in United States

My parents are refinancing their outfit and offered to pay off my student debt (~$90k) with money from a 2nd mortgage on the organization. The interest rate would be lower than the student loan. I would then pay my parents back and our kinsfolk will

 
 

How Do I Get Out Of A Mortgage With An Ex Boyfriend?

Question by misspiggy | Posted in Marriage & Divorce

i have leftist an abusive relationship and bought a new home for my daughter and i. i still own the edifice that my ex and i lived in for 2 years. i can't afford 2 mortgages, and he insists that he "did not ask me to become". HELP! what

 

Loan Mod Settle Your 2nd mortgage HELOC http://www.loanmodexpert.info

Colonize your 2nd mortgage second or HELOC home equity line of trustworthiness. This a type of loan modification or loan mod many people over look. I have ...

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Source: 2nd Mortgage Loan – A Better Home Equity Choice

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