If the second mortgage holder come after you, or be capable of something (besides a foreclosure) has issued your credit card as a sentence? Would they garnish wages ale or crazy like that in the future? The reason why the two loans, first and second (100%) was used to buy the house. The value has decreased and the foreclosure auction will be sufficient to cover only the first mortgage and a portion of the second. If you could prepare sites that show this type of legislation would be grateful. Dank.Oh and real examples would be great. I have heard many people say yes, they can come after you, but those who really listen to him even one of them were excluded, tell me a real horror story. This could be because there are many second lienholder use fear to some people, pay them money and save some of their Verluste.coragryph, keep in mind that the second purchase price had been used , it is not a second mortgage, has been “removed”. You also heard about what really happened, or just study? Thats what I think most lenders do not go by how they end up getting nothing after all the money to fight against the law and most people could file BK to avoid them.