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I have a loan on a investment property that I stopped making payments on since June. I took a second mortgage?

with a diiferent institution. I paid for couple of months the second mortgage, but I want to know if I have to continue paying the second mortgage if that house will probably foreclose?

What is better a foreclosure or a short sale? My friend purchased a home for her brother he stopped making payments, and now she is in the process of selling via short sale is this bad on her credit? He stopped making payment 6…
Am I criminal too? If I used dirty… Hi I had a friend (James) who was a mortgage broker also a investor. Year 2006 we purchased property in Florida. He told me that would be a good investment property. About six months later…
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