QUESTION
Can they sue and collect for second loan?
Asked on Oct 05th, 2012 on Foreclosures - Washington
More details to this question:
If a money purchase first and second are refinanced with no cash out only to lower interest rate, can the second still be considered "money purchase protected" if first foreclosures and second does nothing, but is still going after me? Can they sue and collect for second loan?
2 ANSWERS
Bankruptcy Attorney serving Phoenix, AZ
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Law Office of D. L. Drain, P.A.
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Your question is far too complicated to answer without more information. Therefore, it is important that you talk to a competent real estate/foreclosure attorney in the state where your real property is located.
Answered on Oct 09th, 2012 at 10:40 AM
Civil Litigation Attorney serving Federal Way, WA
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Stasch Law LLC
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Yes, the second can sue you.
Answered on Oct 08th, 2012 at 10:58 PM