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Once Foreclosures Gain Steam Again, 2nd Lien Holders Could Get Wiped Out. Here Is What It Means

realpropertycheck.com November 3, 2010

Once Foreclosures Gain Steam Again, 2nd Lien Holders Could Get Wiped Out. Here Is What It Means

Second lien holders will be facing big trouble once foreclosures gain steam again. If the problem spreads, your bank deposits could be in jeopardy.

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Filed Under: Homeowners' Club, Investing, The Economy Tagged With: delinquent loans, junior lien, second liens, second mortgage

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bankruptcy building wealth in real estate code violations commercial real estate contingency clause deed deed in lieu of foreclosure delinquent loans double-dip Fannie Mae featured FHA foreclosure foreclosures Frank-Dodd bill Freddie Mac GNMA GSEs HAMP HARP home prices homestead IRS junior lien lease option lien loan modifications lot number mortgage mortgage originator no-docs loans notice of commencement phantom profits REO residential robo-signing Robo Gate second liens second mortgage seller financing taxes title company title insurance unsold inventory Zillow

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