Can a 2nd mortgage be foreclosed upon in, even if the 1st mortgage is paid up to date?

What you were told is untrue. Second morotgage holders do indeed have the right to foreclse, and many do. How the holder of the second mortgagre will fare as a result of its foreclsure depends on what the property brings at foreclosure sale. If the property is worth more than is owed on the first mortgage, the holder of the second will get whatever is realized above that amount. If the irst mortgage balance is low enough, the holder of the second mortgage may decide to buy the first mortgage, and then when it forecloses, it will own your property.

It ould be a bad idea to push the holder of the second mortgage to foreclose 0 I would urge you to see if you can work something out. Get to an experienced foreclosure defense attorney right away to discuss. Check the web site of the National Association of Consumer Advocates, www.naca.net and look for an attorney who specializes in foreclousre defense.