Can the 2nd mortgage company sue me for deficiency upon foreclosure?

cooluni asked:


I'm currently exclusively? Of my house with 2 rental homes in AZ. I understand that the law of anti deficiency protects my assets. ? However, the 2nd and compare? Mortgage to sue me? or will? a lien on my other character? Curia Rationum / active for the deficiency? There are protected anyway?

Louise

Tags: 2nd Mortgage, Assets, Property Asset

This entry was posted on Sunday, June 28th, 2009 at 7:59 pm and is filed under Mortgage. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

One Response to “Can the 2nd mortgage company sue me for deficiency upon foreclosure?”

1. alterfemego Says:
   June 30th, 2009 at 7:10 pm

   It’s simple if you don’t make the payments, they will foreclose. If you signed a promissory note, they could come after you in the form of a filing to the IRS for the balance owned. I suggest you talk with a bankruptcy attorney.