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Home Equity Line of credit Or Second Mortgage Loan which is better ?

Nov 13, 2009 by Brenda R. Barnett | Posted in Personal Finance

I am disconcert in home equity loans with second mortgages.

which law covers a second mortgage loan after a foreclosure?

May 02, 2008 by Rubedog | Posted in Renting & Real Estate

my where it hurts went through forclosure and was sold. I had a second loan on the house and the loan company sent it to a collection agency to try and heap up. I believe there is a law that would prevent them from being able to collect on the second.

I'm carefull not to get thrown off here while I try to inform appropriate others (wow) But, Bush passed legislation about negotiating a short pay and no tax applicable - that is not really your deal as you are n default. First, so what, it happens. Second,

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SB 931 Short Sale Deficiency Protection Bill Effective January 1, 2011

The bill would provender that written permission of the holder of the first accomplishment of custody or first mortgage to that sales event shall pledge that holder to undertake the mark-down proceeds as full payment and to fully void the outstanding amount of the... SB 931  prohibits a deficiency judgment under a note secured by a first indenture of delegate or first mortgage for a abode of not more than 4 units in any event in which the (holder) sells the home for less than the left over amount of the... SB 931  would further afford that if the trustor or mortgagor commits either bilk with be considerate to the exchange of, or exhaust with attribute to, the essential holdings that secures the first mortgage or instrument of reliance, the above interdiction shall not limit......

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