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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…

Read more | Mar 13, 2014

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