2nd Mortgage Share

The house has $ 16,000 of negative equity for the first mortgage, we have now. Where is because our second mortgage that is not relevant for the loss of jobs? --- Not much negative equity. A relationship of subordination is the first second. Whatever the reason for which is not common, is and will affect your credit. If they foreclose on it, then your lender first to intervene. HUD approved credit counselor to know your options. Talk to lenders through loan modification, loan and patience to help Obama for the owners of the program. Wait for Call and speak with more than one person to the lender. We do not have a negative equity on a single charge - to determine your net worth is negative, add your first and second mortgages together and then subtract the value of your home - it is their negative equity.