Asked in Foreclosure for Georgia

Q: I have a primary and secondary loan on my house. Can they foreclose on the home of I fail to keep up payments on second?

Loans are held by two different banks. If so, what are my options to keep the home?

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1 Lawyer Answer
Daliah Brill
Daliah Brill
  • Atlanta, GA
  • Licensed in Georgia

A: If you continue to pay the loan (Security Deed in first position) that you refer to as primary and stop paying the loan in second position (Security Deed in second position), the lender for the second can foreclose subject to the first or primary loan.

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