The second mortgage is the second company in line to get money when a house is sold.
Remember, a mortgage ties “the debt to the dirt.”
If the house sells for 0,000, the first mortgage company is owed that much, then the second mortgage company will get nothing.
If you have any questions, you can reach us at 1-205-879-2447.
Thanks for watching!
John G. Watts
Watts & Herring, LLC
Serving consumers across Alabama
“No representation is made that the quality of the legal services to be performed is greater than the quality of legal services performed by other lawyers.”
Video Rating: / 5