Thursday, August 11, 2011
Oh, foreclosure, foreclosure looming ahead.. Question...help please?
I have 2 mortgages, a first (conventional mortgage) and a second (maxed out equity line). I had excellent credit and paid my bills up until around 4 years ago when I lost my job and also my own health went down hill while caring for my aged Mom who has now passed away. I know everyone has troubles but mine seemed to come all at once). Now I can no longer afford to live in or pay for my house. I do not want to keep the house. In the case that the first mortgager forecloses, will the second who will be left with nothing , come after me for the money owed. ?? (I have very little in savings). Thank you for any insight.
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