Asked by Packard, California • Thu Feb 23, 2012
I have 1st and 2nd mortgage with a same mortgage company. I stopped making payment on 1st and I am concerned that lender will sell the 2nd to a collection agency. I am still making payment on the 2nd so it doesnt accrue interest and penalty if they were to sell to a collection agency. If I continue to make minimum payment ont he 2nd until the 1st forecloses, can they still sell the 2nd to a collection agency?
Real Estate in Castaic
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