Can You Foreclose on a 2nd Mortgage?

Being that I am a debt settlement attorney, I see several people each week that come to me with a deficiency resulting from a 2nd mortgage debt.  In these instances, the first mortgage foreclosed on their home and then the 2nd mortgage was not paid due to a deficiency.  As this article points out, a 2nd mortgage can foreclose on your home even if you keep up with your primary mortgage.


The foreclosure process is lengthy and costly and many 2nd mortgage holders don’t want to pursue foreclosure, so if you are in this situation contact your mortgage holder, or better yet a real estate attorney.  If you have been foreclosed on and are left with a deficiency from your 2nd mortgage, contact a debt settlement attorney.  A law firm focused on debt settlement can negotiate for a large reduction in the remaining deficiency.

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Kevin Fallon McCarthy

Kevin Fallon McCarthy is the McCarthy Law PLC’s managing attorney and an experienced Phoenix debt attorney. Mr. McCarthy has also worked as general counsel for a large corporation. He has corporate counsel experience in human resource matters, general corporate governance, and union class action litigation.