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If your first mortgage takes a deed in lieu, what happens to the second mortgage?

Written By: admin on December 8, 2009 One Comment

Do the 2 companies duke it out? Or does the former homeowner have to strike a deal with the company that held the second mortgage?

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One Response to “If your first mortgage takes a deed in lieu, what happens to the second mortgage?”

  1. Landlord on: 8 December 2009 at 9:38 pm

    The second will follow you out. The first does not "duke it out", you simply have to continue paying the second.

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