Question by Carol B: How can I get a bank to consolidate two mortgages?
We have two mortgages on our house. the holder of the first one bought out the second mortgage company. Why won’t they refinance the mortgages into one. We cannot make both mortgages anymore due to a change in employment, loss of wages. HSBC and HFC are the companys. So we’re paying just the first one. Can we be foreclosed on?
The balance of the two morgages is lower than the value of the home. Make sense?
Answer by Obviousman
If you don’t pay, you definitely can and will be foreclosed. I suggest you contact your lender asap to try to get them consolidated… or contact a lawyer or someone in your area who does loan mods.
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