Can they take your house In the state of Indiana if you have a first and second mortgage, and you are trying to keep up with your first and you fall behind on your second,?
If you go delinquent on your second mortgage, the lender can foreclose on your house and property. The foreclosure process varies from state to state, but generally takes from two to 18 months.
Answered
by Michelle C.
-
Top Questions Asked on ChaCha.com for Second Mortgage
In the Last:
Month
-
Can you write the interest off your second mortgage on your taxes?
Generally, you can claim a tax deduction on the interest that...
-
How can I apply for a first second mortgage?
Find a mortgage company in your area and talk to them about t...
-
Can I file bankruptcy on my second mortgage and how do I do it?
Bankruptcy laws allow judges give the authority to remove or ...
-
If you go delinquent on your second mortgage, the lender can ...
-
What does it mean to take out a second mortgage?
A second mortgage is taking out a loan that is levied against...
About Second Mortgage
A second mortgage typically refers to an additional loan on property that is already mortgaged. Second mortgages are often assumed in order to provide funds for starting a business or other ventures.
Comments