Foreclosing On A Second Mortgage
I am not a professional investor. Just a seller who was talked into taking a second mortgage. I wouldn't be here if all was going well. The buyer is badly delinquent and I am now in the position of being forced to foreclose. I've ordered a letter report to check the condition of the title. The property is located in Wisconsin. I have a few basic questions. Does anyone know of firms that specialize in mortgage collections (no not a cousin with brass knuckles) ? Must I hire an attorney? They owe me over $12,000 plus interest so it is worth pursuing.
Any help you all can provide would be greatly appreciated.
In California, we use Trust Deeds. There are many firms that will do the forclosing. Most have Trust Deed in their name.
Ask your local title Co. for names.