From which state do I talk to an attorney?

You need to work with an attorney who is licensed in and/or knows the law in Washington, since that is the law which applies in this case and where...

If we walk away from are primary home can the bank come after our second home?

It is unclear from your question, but if you have two separate mortgages on the property you are talking about "walking away from" then you could...

In the State of WA, if a person loses their home to forclosure and has a first and second (HE line of credit) are you liable?

Yes, you may be liable, and they may sue you for the balance due. You should consult with an attorney. In all liklihood, you may be able to...

Short sale questions

The bank (or most likely your loan servicer) can and will ask for whatever it wants as many times as it wants, since it is not obligated to...

We are facing foreclosure sale in April 2012 on Oregon property we are 10 months behind payments.Is filing bankruptcy better?

You have a complex situation and a lot at stake, so I would strongly advise to set up an appointment with an attorney knowledgable in foreclosures,...

Can 2nd lien holder initiate foreclosure and still sue if balance remains unpaid in WA. All payments to 1st lien is uptodate.

Generally, foreclosure by non-judicial trustee sale will be an election of remedies resulting in no deficiency liability. It would be unusual for...

Selected as the best answer

I have heard about families that are upside down in there mortgage and being able to get the bank to lower the payment

You did not ask a specific question, but it sounds like you are wondering if the types of workout deals you mentioned are possible, and whether...

I want to walk away from a home that is $100,000 under water. I am scared of what will happen if I do.

Your financial liability is on the second mortgage. A short sale or deed-in-lieu of foreclosure may or may not result in eliminating any...

It has been 4 years since the Foreclosure can we still be responsible for payment on the 2nd mortgage?

Yes you can still be responsible. There is a statute of limitations, but that can be renewed if you make a payment so be careful about how you...

A 2nd mortgage after a foreclosure still shows up on our credit report after 4 years. How do we get it cleared off?

Unless the second mortgage was paid off completely as a result of the foreclosure (i.e., there were surplus funds from the sale above the total...