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2nd Mortgage?

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What will happen with my 2nd mortgage when I foreclose on my first? Will the bank add it to my 1st? It is a tottally seperate account. How will the bank act on it?

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  1. Both will default. If the bank owns both mortgages it will be 2 separate debt accounts.

    If another bank has the 2nd, you'll have another lender headache to deal with instead of just one.

    Sorry to hear about this.

    Best of Luck!

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