Tuesday, November 10, 2009

Can the Second Mortgage Holder Foreclose?

November 10, 2009

Yes.  While a second mortgage holder may have the power to foreclose, they almost never take this course of action unless there is a significant amount of equity in the home.  In order for a second mortgage holder to foreclose on your house in Georgia, they must first pay off the first mortgage holder.  Most [...]

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