What is consequence, I should expect, if I stop making the payment of my second loan. but stay current on my first loan? - Loan Modification Forum

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What is consequence, I should expect, if I stop making the payment of my second loan. but stay current on my first loan?

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This is a discussion on What is consequence, I should expect, if I stop making the payment of my second loan. but stay current on my first loan? within the Ask the Attorneys? forums, part of the Foreclosure Forum category; Dear Attorney, I do have first loan and second loan. Bank modifies my first but not the second. What is ...

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08-25-2009, 08:34 PM	#1 (permalink)
ksiva01 Member Join Date: Dec 2008 Posts: 11 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	What is consequence, I should expect, if I stop making the payment of my second loan. but stay current on my first loan? Dear Attorney, I do have first loan and second loan. Bank modifies my first but not the second. What is consequence, I should expect, if I stop making the payment of my second loan. but stay current on my first loan? Based on my current and income and expense situation, I don't think, I can afford to make payment for my second loan even after loan modification. thanks KS

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