2nd Mortgage Share

1st mortgage amount is $ 322,000 and $ 80,000 second mortgage. The same home sells for $ 20,000 less than the total price. If the other to exclude or to write only to a loss? Foreclosure.they usually sells in a note to get what they can. In general, only the species that the bank where the first sound, because they can get. If your home sells for less than what I have, you still pay the money after the sale. Consider bankruptcy. There is really no advantage to their second screen. Even if you still have debt and no doubt a decision of the home, to prevent the sale or refinance before you pay. I'm probably settle for less than it was upside down. If you are late on your second mortgage lender can be ruled out in your house and property. Settlement varies from country to country, but usually takes 2-18 months. It all depends on the conditions of your loan.