What happens if we stop paying the 2nd? Do we have to pay it off or will their be a lien attached to the property when it comes time to sell?
And recently we tried to re-finance through HARP on the 1st but were turned down because the bank is saying we need to reaffirm the mortgage.
What are my options? We want to keep the property and get a better rate and offer a cash payoff of 10% on the loan of the 2nd if we have to.
If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free.My Wife Filed Bankruptcy and Included Mortgage and Home Equity Loan. - Stan by Steve Rhode