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second mortgage: Home Mortgage: The Balloon Loan - 01/09/09 12:30 AM
A home mortgage with one larger payment at some point is called a balloon loan. This type of mortgage is usually on a second mortgage. With these mortgage loans, most people will sell or refinance before the balloon payment is due. Watch this Expert Real Estate Tips video about these special mortgages and find out if a balloon loan is right for you. … (1 comments)

second mortgage: Missing Second Mortgage Payments Could Lead to Foreclosure - 11/13/08 11:06 PM
Summary: An ex-husband was supposed to continue to make payments on the second mortgage on his ex-wife's home. He stopped the payments and she can't afford them. Because a second mortgage is a lien, missing second mortgage payments could lead to foreclosure. Ilyce advises the reader to talk to her divorce attorney about having her ex-husband make the payments and to negotiate with her second mortgage lender to work something out or to contact a non profit consumer credit counselor.
Question: During the course of our marriage, my ex-husband and I purchased a home and later took out a second mortgage … (0 comments)

second mortgage: Divorce Settlement Omits Second Mortgage-- Foreclosure Possible - 11/12/08 04:44 PM
Summary: An ex-husband was supposed to continue to make payments on the second mortgage on his ex-wife's home. He stopped the payments and she can't afford them. Because a second mortgage is a lien, missing second mortgage payments could lead to foreclosure. Ilyce advises the reader to talk to her divorce attorney about having her ex-husband make the payments and to negotiate with her second mortgage lender to work something out or to contact a non profit consumer credit counselor.
Q: During the course of our marriage, my ex-husband and I purchased a home and later took out a second mortgage … (0 comments)

 

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