Legal Question in Credit and Debt Law in Nevada

Is there a way to remove an outstanding Second Mortgage after a home has been foreclosed upon and what type of lawyer deals with negotiating this on my behalf? The home was foreclosed in Nevada and I no longer live there.


Asked on 4/29/14, 11:50 pm

1 Answer from Attorneys
Paul Malikowski Malikowski Law Offices, Ltd.

Since the property and its value is lost to the foreclosing first lender, the second mortgage becomes an unsecured loan (like a credit card) and can be sued upon while in default, subject to Nevada laws governing such lawsuits. Your real estate attorney can advise further.

Read more
Answered on 4/30/14, 5:03 pm


Related Questions & Answers

More Credit, Debt and Collections Law questions and answers in Nevada