My house went into forclosure last month. Had one of those 100% financed mortagages. One loan was over 400K and the other about 100K. The smaller loan has me in collections and calling me steady,trying to collect. Is this normal and is there any thing that I can do since the house forclosed on me and and I'm finished financially ?
Perhaps the 2nd mortgage changed to an unsecured loan when the home was taken back by the first mortgage lender - therefore they are trying to collect, might even eventually turn into a judgment. I'd check with a real estate attorney to determine what could potentially happen in your situation, or for a cheaper alternative take Brian's advice and ask this question in the general credit section.
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