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Sacramento Real Estate Question Of The Week… "Can my second mortgage lender foreclose?"

Sacramento Real Estate Question Of The Week… “Can my second mortgage lender foreclose?”


As a Sacramento Real Estate Agent, I receive a lot of questions pertaining to our current market, and shocker, a lot of the questions I get center around foreclosure in Sacramento. It doesn’t matter how much money you make, or have made, the Nation is captivated by the phenomenon that is “Foreclosure”!


An unbelievable number of people are experiencing foreclosure first hand, or are on the brink, and guess what, foreclosure does not discriminate.
 One question I got last week surprised me, but when I took a step back from the obvious answer, I figured this individual could not be the only person with the same question…, “Can my second mortgage lender foreclose?”


The answer: “Absolutely!”


When a second mortgage lender does foreclose, that lender assumes responsibility to pay the first mortgage, which in many cases in Sacramento, can be a bad business decision. But, it does happen.


Now, I’m not in the practice of giving legal advice, so if you’ve contemplated this move, I highly recommend talking to a Sacramento Real Estate Attorney, before moving forward.


Also, if the mortgage has gotten beyond the realm of affordability, and you would like to discuss your options regarding Sacramento Short Sale, I am always available for a Free consultation. Give me a call: