I Can’t Afford My Multiple Mortgages

Many homeowners take out second or third mortgages on their homes in order to help them through tough times. Over time, homeowners can be in a position where their home is not worth the value of their mortgage. This is what it means when you hear that somewhere is...

I Have A Second Mortgage That I Can’t Pay.

The real estate bubble in the mid-2000s created a unique situation where many homes were worth less than the combined mortgage balances. Home equity loans were considered mortgages for the purpose of this article. This lack of equity in the home is known as being...