Upcoming Foreclosures

two house, primary in foreclosure, same lender?

WE LIVE IN NEVADA. MY PRIMARY HOUSE WILL PROBABLY GO SOON IN FORECLOSURE. BOUGHT IT IN 2004. LATER WE REFINANCED IT WITH CASH OUT WHICH WE USED FOR IMPROVEMENTS, POOL, ETC. THE NEW LOAN WAS INTEREST ONLY, 30 YEAR. AFTER MY HUSBAND ACCIDENT IN 2008 EVERYTHING WENT DOWN THE HILL. WE HAVE A 2ND SMALLER HOUSE, THAT WAS OUR PRIMARY HOUSE BEFORE 2004. WHEN WE MOVED TO THE HOUSE #1, WE RENTED HOUSE #2,... UNTIL 3 MONTH AGO. IF OUR PRIMARY HOUSE FORECLOSES, WE' LL MOVE TO THE 2ND HOUSE. THE LOAN IN THIS ONE ES FIXED, 30 YEARS, WE KEEP UP WITH THE PAYMENTS. NO PROBLEMS. LAST WEEK WE FOUND OUT THAT THE LENDER OF HOME #1, (ACTUAL PRIMARY AND IN TROUBLE) NOW IS THE NEW OWNER OF THE LOAN ON HOUSE #2. I WONDER IF THEY CAN PUT A LIEN IN THIS OTHER PROPERTY. WE ARE DESPERATELY, PLEASE ADVISE, SUE

Public Comments

1. Please stop worrying. I can't blame you for what happened but this is an opportunity for you learn from your mistakes and be strong. Check out this news I've heard lately: http://www.prweb.com/releases/2009/12/prweb3313624.htm They should be able to help you. Good luck!