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I purchased a house in 12/2005 with no money down. I got 1st & 2nd mortgage (20%-80&) interest only. In 05/2008 I default on both mortgages after trying an unsuccessful short sale. The 1st mortgage was accepting the short sale but the 2nd never accept any offer. The house end up been sold on foreclosure for 35% of the purchased price and the 1st mortgage reported on my credit report "Credit Grantor reclaimed collateral to settle defaulted mortgage". The 2nd mortgage is still showing as late on my credit report. I never got an equity or credit line on the property. I live in California and I'm wondering of the 2nd mortgage can come after me to claim what I own to them even after the foreclosure. Also, for how long they can keep showing the debt on my credit report, if it is even possible?