My Second Mortgage has been charged off.

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My Second Mortgage has been charged off.

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10-26-2007, 12:50 AM

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My Second Mortgage has been charged off.

I am currently 4 months behind on my 2nd mortgage. I pulled my credit reports and it shows they andquot;charged offandquot; this month. Can someone please explain what this means? Are they foreclosing?

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