2nd Mortgage Share

My second mortgage will be bought by Bank of America, Bank of America and as my first mortgage nationwide are now part of Bank of America also belonged. I believe myself that I am the boss, I have to pay more mortagages both because they are owned by the same bank? and I have to close my checking and savings account with BOA? To answer the second question, yes, of course. The first question you should be other options before they make a short sale or negotiate better payment terms considered. Far from ruining your credit for 7 years. WOW! The best thing you can do before it passes to see a lawyer. It is not always as simple as "Walking Away" that the bank could obtain a deficiency Judgement against you, if not the house up for sale due to mortgage market.