Can a mortgage company file a 1099 when you are in default without a summary jugement?

mexlin asked: We are residents of Texas and the property in foreclosure is in Delaware. Second mortgage holder is threatening to file a 1099.

What happens to the second mortgage when the first mortgage forecloses?

I am going through a foreclosure on my first mortgage, what are my options with dealing with the second mortgage? Any legitimate websites with guides for dealing with the aftermath of foreclosure would also be appreciated.By: Luna SanguineAbout the Author:

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