How can I stop foreclosure on the second loan? 2 Answers as of August 02, 2011

I've got two loans on my house and recently got the first to do a loan mod and the other is now coming after me. What's the best way to stop the foreclosure from the second? thanks!

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The Law Offices of Mark Wm. Hofgard, Esq.
The Law Offices of Mark Wm. Hofgard, Esq. | Mark Hofgard
If the probable sales value of your home is less than the sum of the 1st and 2nd mortgages, the 2nd mortgage has an incentive to work something out with you. In order to foreclose, the holder of the 2nd must pay off the 1st.
Answer Applies to: Colorado
Replied: 8/2/2011
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