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.
Whose name was the mortgage and home equity loan in? Both, yours or hers?
A bankruptcy will kill the mortgage but not the lien against the property.
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