If we have to foreclose on our house would the bank be able to take our vacation property?
I live in Michigan.
My husband lost his job a year ago and we aren’t sure how much longer his unemployment will last. The bank says we can’t do one kind of modification because we can’t show his unemployment will last 9 months.
We have a vacation property with a small cabin on it, if we loose the house to foreclosure what will happen to the cabin?
We have a first and second mortgage on the house. We did not list the vacation property on any of the loan documents for the house.
Thanks for your help
Take? No.
Lien against? Yes.
Eliminate your second mortgage
|
|
The Reverse Mortgage Residential Foreclosure Program $31.5 The Reverse Mortgage Residential Foreclosure Program |
|
|
Growing Mortgage Foreclosure Crisis $16.46 The BiblioGov Project is an effort to expand awareness of the public documents and records of the U.S. Government via print publications… |
|
|
The Law Of Mortgage Foreclosure For Illinois. $25.04 The Making of the Modern Law: Legal Treatises, 1800-1926 includes over 20,000 analytical, theoretical and practical works on American and British Law… |
|
|
Doctor Foreclosure $12.5 Are you behind on your mortgage payments and need to sell with little to no cost to you? Do you want to purchase a foreclosure home for less than its appraised value? Are you a Realtor … |
|
|
Foreclosure Myths $15.92 In <i>Foreclosure Myths,</i> best-selling Realtor Ralph Roberts and Certified Mortgage Consultant Chip Cummings blast away at the 77 myths that prevent would-be homeowners and real … |
Tags: flickr · photo · photography · photos · sharingNo Comments
0 responses so far ↓
There are no comments yet...Kick things off by filling out the form below.