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  • February 18, 2008 at 10:25 AM in reply to: If you are considering a short sale #155179
    CavalierLion
    Participant

    I have a question with regard to the comment “If you have two mortgages against your home, (as sdrealtor posted earlier) you MAY be able to negotiate the second out of the picture or basically pay it off for pennies on the dollar if not less.”

    Isn’t the second mortgage always a recourse loan? If so, why wouldn’t the lender go after the borrower personally? I would think the stockholders would demand this, especially in light of the modifications to the bankruptcy laws.

    February 18, 2008 at 10:25 AM in reply to: If you are considering a short sale #155188
    CavalierLion
    Participant

    I have a question with regard to the comment “If you have two mortgages against your home, (as sdrealtor posted earlier) you MAY be able to negotiate the second out of the picture or basically pay it off for pennies on the dollar if not less.”

    Isn’t the second mortgage always a recourse loan? If so, why wouldn’t the lender go after the borrower personally? I would think the stockholders would demand this, especially in light of the modifications to the bankruptcy laws.

    February 18, 2008 at 10:25 AM in reply to: If you are considering a short sale #155201
    CavalierLion
    Participant

    I have a question with regard to the comment “If you have two mortgages against your home, (as sdrealtor posted earlier) you MAY be able to negotiate the second out of the picture or basically pay it off for pennies on the dollar if not less.”

    Isn’t the second mortgage always a recourse loan? If so, why wouldn’t the lender go after the borrower personally? I would think the stockholders would demand this, especially in light of the modifications to the bankruptcy laws.

    February 18, 2008 at 10:25 AM in reply to: If you are considering a short sale #155278
    CavalierLion
    Participant

    I have a question with regard to the comment “If you have two mortgages against your home, (as sdrealtor posted earlier) you MAY be able to negotiate the second out of the picture or basically pay it off for pennies on the dollar if not less.”

    Isn’t the second mortgage always a recourse loan? If so, why wouldn’t the lender go after the borrower personally? I would think the stockholders would demand this, especially in light of the modifications to the bankruptcy laws.

    February 18, 2008 at 10:25 AM in reply to: If you are considering a short sale #154900
    CavalierLion
    Participant

    I have a question with regard to the comment “If you have two mortgages against your home, (as sdrealtor posted earlier) you MAY be able to negotiate the second out of the picture or basically pay it off for pennies on the dollar if not less.”

    Isn’t the second mortgage always a recourse loan? If so, why wouldn’t the lender go after the borrower personally? I would think the stockholders would demand this, especially in light of the modifications to the bankruptcy laws.

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Viewing 5 posts - 61 through 65 (of 65 total)
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