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Caroline Ventry
"Going the extra mile is my standard practice"
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Caroline Ventry answered:
Hi Jordan,
In my experience, the second mortgage usually gets little or nothing at all. The second mortgage on a home will generally have a higher interest rate because they have more of a risk. During the foreclosure the first mortgage will get paid first and if anything is left, the second might get something.
Hope this helps!
Caroline
In my experience, the second mortgage usually gets little or nothing at all. The second mortgage on a home will generally have a higher interest rate because they have more of a risk. During the foreclosure the first mortgage will get paid first and if anything is left, the second might get something.
Hope this helps!
Caroline
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