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Can My Second Mortgage Foreclosure on My Home in Michigan?
Posted by AcclaimLegalService
Yes, secondary lien holders have the same legal right to foreclosure on your home as the primary mortgage company. The Michigan foreclosure process is the same for the first mortgage holder as it is for the second mortgage lender. The main reason that it is not as common for the secondary lender to foreclose is because that lender would have to satisfy (pay off or negotiate a settlement) on the…
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After finding out the bank wanted us to pay the difference between what we owed them on the house and what they sold it for, I didn’t know which way to turn…the thought of possibly loosing our building kept…
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