Tag Archives: Definition

Definition: Second Mortgage

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.

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John G. Watts
Watts & Herring, LLC
Serving consumers across Alabama
205-879-2447

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