A charge off just means a bank has considered a bad debt. They still have the right to collect on it.
Now it is tough for a second mortgage company or bank to foreclose, reason being that there are...
Your best bet would to pursue a refinance as it would pay off both mortgages by creating the balance of both into one note. Given the current low interest rates it has proven to be of great help in...
In foreclosure proceedings the 1st mortgage gets their money first. Either the 2nd mortgage will have to buy the 1st mortgage entirely and then sell your house or they will have to hope that whoever...
Yes. The reverse mortgage must however pay off the existing mortgage balance, which means you need some equity to make the qualification work. If there is not enough equity in the home to qualify for...