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(For more helpful information, see When Should I Hire a Foreclosure Attorney?) When You Pay the First But Not the Second. If you default on your first mortgage, it is very likely that the first lender will foreclose. On the other hand, if you stop making payments on the second, you might-or might not-face a foreclosure.
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Inside Florida’s Mortgage Lender Licensing Law April 21, 2015, 10:38 AM EDT. This article is for general information purposes and is not intended to be and should not be taken as legal advice.