A second mortgage is also a secured mortgage loan against your property. So the second mortgage lender has the right to foreclosure you do not make payments or defaults on the second mortgage. But the fact is the first mortgage has the first priority. If your mortgage is foreclosed and then your property is sold then the first mortgage lender should paid first with the sale proceeds. And then with the remaining sale proceeds, the second mortgage lender is paid.

If you are making payment to your first mortgage always on time then your first mortgage lender may buy out your second mortgage and you will be then required to make the payment to your first mortgage lender but it all depends upon your first mortgage lender whether he is ready to accept this or not. If he is doing good business from you then he may be will to do this; you never know.

We all know that the interest rate of the second mortgage is bit higher than the first mortgage. So some times it seems difficult to make the payments of the second mortgage, after making the payments of the first mortgage and other bills. S if you face this problem then better if you can contact the second lender as he also has the right to foreclose for non payment. This way you may be able to avoid foreclosure too.