What to do if my 2nd mortgage company has started foreclosure on my home?
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What to do if my 2nd mortgage company has started foreclosure on my home?
I received a copy of an “Order to show cause” on the plantiff. It appears that they have sent a response to this and another summons was issued.This was the first summons I received (I never received the first one ). What does this mean?
Asked on September 26, 2012 under Real Estate Law, Florida
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
What you have written about means that your second mortgage holder has initiated a judicial foreclosure on your mortgage where possibly if you do not pay what is owed you could end up losing your legal title to the home and be responsible for a deficiency judgment.
Given the seriousness of the legal action against you, I suggest that you immediately consult with a real estate attorney to discuss what your legal recourse is to this lawsuit and the need to file an answer before you get defaulted.
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