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Who Has Already Foreclosed?

This is a topic titled Who Has Already Foreclosed? made in the Home Mortgage section, belongs to our Mortgage Chat category; And by that I mean....house has already be auctioned off or taken by the lender.If so, what did the lender and 2nd lender do about the shortage of ...








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Old October 4th, 2008, 10:09 AM   #1
Joel Fraser
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Registered: May 2008
Posts: 907
Default Who Has Already Foreclosed?

And by that I mean....house has already be auctioned off or taken by the lender.If so, what did the lender and 2nd lender do about the shortage of their money? If you had a HELOC, did the 2nd lender say that they are going to come after you for the money (garnish wages, put a lien on another property you own, etc.)?Or did the lender simply take the loss? Or did they not say anything at all?Please share your stories.
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