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I saw a post over in RYC that got me thinking. If you have a foreclosure and you have a first and a second mortgage on the home, and it is sold, the proceeds cover the first and remaining to the second (if any), right? After 3+ years, how do future lenders...
Started by llecs on
, 8 posts
by 6 people.
Answer Snippets (Read the full thread at myfico):
Part of an 80-10-10, the 2nd mortgage lender usually just charges-off the portion they weren't paid off, sell." The ability of the second....
Recourse state AND if the second mortgage is a purchase money loan (e.g.
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I used to work as a financial advisor a few years back. they always say that "the sky's the limit". but they forgot to say that one will have to overcome their own personal barriers to even see the light of that limitless sky.
mine was an independent ...
Started by B.Brandon on
, 20 posts
by 6 people.
Answer Snippets (Read the full thread at jobscentral):
For me will squander the fortune....
Easier but still not easy.
The 2nd year and third year becomes progressively easier.
Most of them don't.
Most of them have study loans to clear, mortgage loans to pay.
Starting out at work.
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