If my home was forclosed on and had 2nd mortgage, does the 2nd mortgage become unsecured?
Question Details: How should it be listed on my credit report?
Yes, the second mortgage now becomes an unsecured debt (assuming there was not enough equity in the house to, once it was sold at the foreclosure sale/auction, pay off both mortgages) because the property securing it is gone and no longer available as security.
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