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Loan Modification

: The Truth About Mortgage.com

Homeowners at Risk of Foreclosure Taking Out Second Mortgages

By scot184

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Some Florida homeowners facing foreclosure are taking out second mortgages to cover attorney fees, according to a report in the NY Times. The second mortgage only takes effect if the homeowner’s foreclosure filing is dismissed and the mortgage balance is reduced. Ever since the robosigner debacle, homeowners have been pounding down lawyers’ doors to see if they [...]

Full post as published by The Truth About Mortgage.com on November 09, 2010 (boomark / email).

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