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How do you get a 2nd mortgage discharged and keep your house?

In: Loans, Mortgages, Money Management [Edit categories]

Answer:

Answer

You don't. A second mortgage is a secured loan, just as the first morgage. The difference is the first mortgage holder has priority if it involves a lien against the property or foreclosure rights. The only option is to try to negotiate with the lender for reaffirmation of the loan

First answer by Macky. Last edit by Macky. Contributor trust: 5186 [recommend contributor ]. Question popularity: 37 [recommend question].

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