| OUR HOUSE IS CURRENTLY IN FORECLOSURE. ONCE THE HOUSE IS EVENTUALLY SOLD, THE 1st MORTGAGE WILL GET THE BULK OF THE PAYOUT, ON THAT NOTE, WILL THE 2nd MORTGAGE COME AFTER US FOR THE REMAINDER OF THEIR LOAN? IF SO, WILL A CHAPTER 13 HELP?? I WAS TOLD THAT UNDER A CHAPTER 13, THE 2nd MORTGAGE CAN/WILL ONLY COME AFTER YOU FOR THE TAXES ON THE 2nd LOAN, NOT THE ENTIRE AMOUNT.
WE ARE PART OF THE FORCLOSURE NIGHTMARE ACROSS THE COUNTRY. |
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