Can the second mortgage foreclose if the first is paid current?

Your 2nd is a lien already, a 2nd mortgage lien.  If you stop paying on the 2nd they will file foreclosure and can take the property subject to the 1st lien.  The lenders can send you a 1099 for any loss they take from the sale of the house before or after the foreclosure and then you will have to deal with the IRS because you'll be taxed on the lenders loss.   Do everything you can to keep paying or rent out the house.

In all likelihood, the second can foreclose and evict.

YES they CAN!

Most people do not understand how to do loan modifiations as it is so technical and by the time they figure it out, it can be too late and they have lost their homes. If you want to do this with an A+ accredited Mortgage Strategies Company call 1-800-557-1467 and ask for Crystal Kehoss. If you want to check out the company first, just visit our website www.cresmod.com. If you are sketical, I can give you the corporate addresses and phone numbers to check with the Better Business Bureau. Good luck.

That  depends on the current value of the property. If it is only worth $200k then only the 1st will receive money and 2nd lienholder is just spending money for no reason. Nowadays, the 2nd lienholder will sometimes simply settle for a fraction of what is owed through a loan modification program and write off the rest.  In addition, you must refer to state foreclosure laws. 2nd lenders will not take the property from you if there is no equity or  money to receive back. That is just false information. Maybe also look into a real estate lawyer too who is privy to your states laws.

i have a 3rd mortgage,   hard to pay interest on it   can they forclose  or does the 1st and 2nd take precedent.