| Is it possible to refinance 1st & 2nd mortgages for a brand new house immediately after I close?...housing price stays, you will in bad spot.As for interests-only, mortgage payment consists of two parts: interests and principal. Interests...Bay Area, CA 2nd Mortgage Rates?Does anyone have a feel for what the range of interest rates are currently for 2nd mortgages ?I brought my home 1yr ago, I want to refinance, my mortgage was setup with a 1st and 2nd mortgage?you'd have to borrow at least 85000.00 as that is your total as you would have to pay other two liens off1st mortgage current and 2nd mortgage is foreclosing, can payoff both?If your second mortgage is in foreclosure then there...prohibits the sale until the mortgage is either brought current or...Property being foreclosed on.Has 1st and 2nd mortgage & tax liens.Who gets paid next after the first mortgage?Tax Liens always get paid first. The second mortgage commonly called a note or a fixed rate note will always be in the last position...Foreclosure Concerns-1st Mortgage is Perfect-2nd is in default....interesting situatiuon?...unknown . they do not have to be named specifically. the 2nd mortgage holder only has a certain amount of days to bring their claim...After foreclosure, what are options for 2nd mortgage overage (purchase money) that won't be paid back?...with the judgment that the 2nd mortgage holder has, in chapter13...the Court makes the second mortgage into another unsecured creditor...How does a seller held 2nd mortgage work?...addition to the money from your lender that is secured by the first mortgage), you give the seller a promissory note for $50,0000 instead, which...Should I pay more then just interest on a 2nd mortgage?...thing to do. 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