Go Back To Search Results Question Can a default on a 2nd mortgage cause the the 1st to go into foreclosure if payments are current on the 1st? I have 2 mortgages and was wondering what happens if one goes into default, can the mortgage in default cause foreclosure on both the 2nd and 1st mortgage? By parasite414 Posted on 12/02/07 Total Answers 3 Answers- Yep. Not paying home equity loans can cause them to foreclose on your home. Your home would be collateral on the second loan, therefore if you don't pay it, they take your home. If you're having trouble paying I would contact your lender immediately and see if you can work something out with them until you can get caught up. See where you can shrink your budget, taking money from other things to pay for the second mortgage. No more eating out or movies, etc. Tighten up the budget. Answer by : Tracker On Date 2007-12-02 10:31:00 the holder of the second mortgage can force a forclosure, but the first mortgage holder gets paid off first, so depending on the balance owed on the first mortgage, it might not be in the the best interests of the holder of the second mortgage to bother with the cost and hassle of forclosure, since a lot of forclosure sales end up not getting the lenders what they have in loans. Answer by : John M On Date 2007-12-02 10:31:08 Contact your 1st mortgage and see if they can refi you into one loan and get rid of that 2nd. They can foreclose even if you have never been late on yoru 1st. Answer by : tgllvor On Date 2007-12-02 20:43:54   Go Back To Search Results