First of all I am so sorry to hear that you were foreclosed upon. I am wondering if you tried to do a short sale or not ? Short Sale would have been your best option.
Bankruptcy was another option for you to stop foreclosure if you qualified for it.
To answer your question YES the 2nd lien can come after you. More than likely they will sell your loan to another company and a collection agent might call you at any time within next 4 years. Again it is a hotly debated issue on whether they can or not. Some may tell you that no they cannot.
Contact an attorney for sure regarding you UNIQUE situation.
I also highly suggest that you talk to a Bankruptcy attorney and see if there is someting you can do about your debt.
I wish you luck.
8 out of 10 people in forclosure get foreclosed upon without any help or intervention: It is a statistic by CAR.
If you are behind on payments, get help . Get a CDPE to help you.
Director of Short Sales Keller Williams Realty Encino
If the 2nd Lienholder really had a LIEN against the property; then it had to have been wiped out with the Foreclosure. The Foreclosure is finalized at the Trustee Sale.
The problems occur when the 2nd hadn't filed a LIEN, such as a Line of Credit.
Also, you could have a problem if the 2nd loan was not used to buy the house; such as using it to buy a boat or car, or pay off bills.
If you are past the Foreclosure, and the 2nd Holder is hasseling you, you may have to contact a Real Estate Attorney for clarification; take your paperwork with you.
It very well may be that they are going to try to bedevil you and browbeat you to give them some money, to which they have no right. Talk to the Attorney.
Good luck and may God bless
The lien gets wiped off, but that does not mean they have or do not have a deficiency claim against you. How they collect is another question all together...
I am sorry to hear about your situation... this is precisely why a short sale is a much preferred alternative.... I would not lose any sleep over it... because there is nothing you can do anyway... don't worry about things you cannot control...
Best of luck, and the worst is behind you with the foreclosure!
I don't look back on this same Trulia thread for answers posted after mine.
Realtor Since 1996
Main Street Realtors