My house is underwater; $900K first mortgage and $250K second. Haven't paid either mortgage in 51 months. First mortgage lender (Chase) is in the process of (slowly) foreclosing. Second mortgage lender (private lender) filed an NOD 49 months ago, but has done nothing since that date. Given that the SOL in California is four years, can this Second Lender come after me for the $250K after Chase's foreclosure is completed? And Question #2: If I am able to work out a loan mod with Chase and bring the first mortgage current later this year, can Second Lender foreclose a couple years later...or will that $250K lien cloud the title if I try to sell the property in five years? Thanks!