Information Stop: florida-second-mortgage

If you can't make your second mortgage payments, the lender might foreclose. the more likely the junior lienholder will foreclose if you stop making payments.

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A second mortgage – also referred to as a home equity loan or home equity line of credit – is just what it sounds like: another (second) mortgage on your home. Like with your original mortgage, your second mortgage is secured by your home, meaning that if you don’t pay the loan, the bank can take your home.

Miami Foreclosures Demand Aggressive Miami Foreclosure Defense The home equity theft reporter: south Florida Mortgage Broker, Others Accused In Foreclosure Rescue, Equity Stripping Lawsuit In an equity theft scam, the perpetrator will purchase a home that is in foreclosure or distressed The home is then sold to a senior citizen, who takes out a reverse mortgage after occupying the In a foreclosure rescue scam, the perpetrator will identify seniors who are at risk of losing their homes.Adding to demand. but foreclosures are where we do our business. It’s our trigger,” said Dahan, who gets most of his leads from banks, he said. Based on the foreclosure news, he added, two European.

Information Stop: florida-second-mortgage A second mortgage – also referred to as a home equity loan or home equity line of credit – is just what it sounds like: another (second) mortgage on your home. Like with your original mortgage, your second mortgage is secured by your home, meaning that if you don’t pay the loan, the bank can take.

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