I have a first mortgage and two second mortgages.

The second mortgages started out as loans secured by household goods
with Beneficial and Citifinancial. When my husand became sick we fell
behind on the payments. The companies called us in to refinance our
loans and turned the loans into 2nd mortgages.

On my first mortgage I owe $103,000.00. I owe Citifiancial (the second
mortgage) $10,000.00 and Beneficial (the third mortgage) $11,000.00.

The city assesses my home at $92,000.00. Some of the homes in my
neighborhood are selling between $113,000.00 to $130,000.00.

My home needs new windows and doors and the kitchen countertop needs to
be replaced.

I have rececently lost my job and have not found a new job yet. Can
Citifinancial and Beneficial forcelose on me if I am unable to keep my
payments current.

Thank you for any infomation you can give me.

Yes, the second or third mortgage companies can foreclose if you
fall behind on payments.

--
Brett

************************************************** ***************
* Personal Injury/Malpractice Bankruptcy *
* *
* BRETT WEISS, P.C. *
* Attorneys at Law *
* Maryland, D.C. and Federal Bars *
* lawyer@erols.com *
* http://www.erols.com/lawyer *
* *
* Small Business Estates & Estate Planning *
************************************************** ***************

The Small Print: This response is for discussion purposes only.
It isn't meant to be legal advice and you shouldn't treat it as
such. If you want legal advice, speak with a local lawyer
familiar with your state's laws who can review *all* of the facts
and the law applicable to your situation.
************************************************** ***************


<NHS67@webtv.net> wrote in message
news:2818-3F26F919-376@storefull-2292.public.lawson.webtv.net... I have a first mortgage and two second mortgages. The second mortgages started out as loans secured by household
goods with Beneficial and Citifinancial. When my husand became sick
we fell behind on the payments. The companies called us in to
refinance our loans and turned the loans into 2nd mortgages. On my first mortgage I owe $103,000.00. I owe Citifiancial
(the second mortgage) $10,000.00 and Beneficial (the third mortgage)
$11,000.00. The city assesses my home at $92,000.00. Some of the homes in
my neighborhood are selling between $113,000.00 to $130,000.00. My home needs new windows and doors and the kitchen countertop
needs to be replaced. I have rececently lost my job and have not found a new job yet.
Can Citifinancial and Beneficial forcelose on me if I am unable to
keep my payments current. Thank you for any infomation you can give me.