Foreclosure in 90056 : Questions & Answers

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Heather Paul, Real Estate Pro in Santa Monica, CA
Heather Paul answered:
My first Mge. is 489K. My 2nd Mge. with Wells is 135K. The property is worth 500K. I stopped paying Wells. Will Wells likely fore.. I dnt think so.
They mostly will not foreclose, however the 1st mortgage gets notified when you are late on all secondary or subsequent loans-the first mortgage will usually step in and buy the 2nd. H ... more
0 votes Share Flag Fri May 6, 2011 Foreclosure in 90056
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