Which lender pays the costs of eviction?
I have a first and second mortgage and I'm trying to do a short sale. I lost my job and am therefore unable to continue making payments. I'm in the mouth from 1970 to 1980 K in the capital. I was curious to know who the lender to pay for the eviction case that the first mortgage company or second?
If your house is closed on the first mortgage is paid first, with all the extra money goes to the second mortgage. The share Registration is paid by the company that excludes them. These costs include the cost of his lawyer, court fees, etc. However, even after the close, the two companies that may come after all the money they are owed. As it is no longer guaranteed, is due and payable immediately. They can lead to court for an order to pay what you owe. Try to reach an agreement and find a job (any kind of work) NOW!
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