If you have a second mortgage or a judgment lien on your home and you’re facing foreclosure, you may be wondering what would happen to them if the foreclosure were to go through. You may have heard that the only the first mortgage matters, but the truth is that even though second mortgage and lien holders lose their security interest in the property, they can still come after you for the debt if they don’t receive it at the foreclosure. Learn more about what happens with second mortgages and liens in our blog.
What happens to second mortgages and liens after a foreclosure?