Can a first mortgage be refinanced to a lower rate if there is also an existing second mortgage?

August 22, 2009 by admin  
Filed under Questions and Answers

mortgage
cookingmomma asked:


If a homeowner has a first mortgage and a second mortgage, and would like to refinance the first mortgage at different terms, can this be accomplished – does the existing second mortgage put a monkey-wrench in refinancing the first?

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Can a mortgage company file a 1099 when you are in default without a summary jugement?

August 8, 2009 by admin  
Filed under Questions and Answers

mortgage
mexlin asked:


We are residents of Texas and the property in foreclosure is in Delaware. Second mortgage holder is threatening to file a 1099.

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What happens to the second mortgage when the first mortgage forecloses?

June 21, 2007 by admin  
Filed under Questions and Answers

mortgage
Painted Jezebel asked:


I am going through a foreclosure on my first mortgage, what are my options with dealing with the second mortgage? Any legitimate websites with guides for dealing with the aftermath of foreclosure would also be appreciated.

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