kc asked:


I loaned someone money so they could get a second mortgage. Now I am afraid the house is going to go into foreclosure. Will my second mortgage be payed off first when it gets auctioned off, or the first? What does this mean for me?
Thanks everyone, and Michael, I am fairly sure that the two mortgages are through the same lender, so if this is the case, then I guess the first mortgage would be paid off first and if there was not enough money to pay off the second then I would owe that money. Is this correct?

Heidi

cd asked:


There will not be enough money left over for the second mortgage. Will they just place a lien on the house and leave me alone? or will they go after my wages and credit?

Wesley