[pwrought]

My attorney told me that if I walk away a 80/20 loan I will have pro blems with the second unsecured loan because they won't make any money when the first auction the home. I believe that they sell your account to collection companies that will go after you after. The best suggestion is to try to settle with them for $.20 on the dollar, but you need to be late on them. If you are having problem to make your payments the best thing to do is stop to pay your second because they usually won't file foreclose. It all depends on the amount of your second and how much equity you have in your home. Contact an attoney with a free consutation and ask. I know that the second do the same to your short sale.