Foreclosure University Forum

2nd TD Foreclosure (Foreclosures)

by homsy909, Monday, May 25, 2015, 10:29 (1033 days ago)

I filed BK7 4 yrs ago & a 2nd of $100,000 was discharged. The lender then sold the 2nd on the secondary market to an investor who then proceeded to foreclose. This foreclosure was for my 2nd only. I still owe on my 1st TD. What are my rights as to staying in the house? This investor is an idiot because there is only about $40,000 equity over what I owe to the 1st TD. He wants to meet with me to discuss options but I do not know of my rights. Is he just a new 2nd mortgagee that has to wait until I sell?

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