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Second mortgages

Discussion in 'Economics and Financials' started by 2socks, May 1, 2009.

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  1. 2socks

    2socks Rebuilding Since 1973

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    Nov 27, 2008
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    If your in trouble financially and need to stop paying on something consider your second mortgage. The only way the company holding your second could foreclose on you is if there is enough equity in you house to pay off the first mortgage should they foreclose and then satisfy what you owe to them.......... so most likely the second holder will do nothing except make a bunch of phone calls to you. Save a little more and disconnect your phone and save the aggravation:up:
     

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