2nd Mortgage Lenders have been foreclosing to preserve its interests on properties. 2nd mortgages (sometimes called a junior mortgage) may foreclose and pay off the 1st lender to avoid being wiped out by a foreclosure from the senior lienholder. A second-mortgage holder can initiate foreclosure proceedings even if the first mortgage is not behind on [...]

A lot of homeowners out there are frustrated with 2nd mortgages for good reason… the lenders are difficult to get a hold of, and often cause a short sale transaction to be held up, and sometimes lost. Buyers are fickle and move on quickly. So how do you get them to listen? You have to [...]

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