2nd Mortgage Share

Rather than anything, it would go bankrupt if a second mortgage company agree to take a few thousand dollars in a short sale? We expect to sell for $ 120.00, but less broker commissions, we would be back to $ 113.200, and the first mortgage company $ 107,000 with only about $ 6,000 oluld seconds left, but we owe them $ 42 is the 000 . May have some influence. Other mortgagee (lender) is unlikely to rule because they wanted to take the first mortgage. All you can do is ask, but if you default, they are not inclined to talk to you. realtor.sailor Maybe, but I doubt it. They take on the chin here anyway. Bankruptcy will not help (or reduce its share to $ 0), would only be $ 0 if the property is closed and auctioned for less than $ 107,000. If you already are more than 60 days after the loan is no one to talk about short sales. Good luck!