What happens if you stop paying on a second loan but, keep the first current.?
The holders of the second can begin foreclosure proceedings.
Where are you at with this? Has the 2nd started foreclosure yet? Where do you fit in? Mike R
At 550 with only 5% down, expect a 35% discount, based on a direct buyer quote I just received. That is no seasoning. Held for one year, add 10% if the credit is still sub-600.
The holders of the second can begin foreclosure proceedings.
Where are you at with this?
Has the 2nd started foreclosure yet?
Where do you fit in?
Mike R
At 550 with only 5% down, expect a 35% discount, based on a direct buyer quote I just received. That is no seasoning. Held for one year, add 10% if the credit is still sub-600.