---

what happens to my HELOC loan balance if my home go into foreclose?

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
raretreasures4u Joined: 23 May 2009 Posts: 1 1.00 Dollars($)	Posted: Sat May 23, 2009 8:31 pm    Post subject: what happens to my HELOC loan balance if my home go into for Like 0 Dislike 0 what happens to my HELOC loan balance if my home go into foreclose?
adonis Joined: 22 Oct 2005 Posts: 10242 Location: ALASKA 1042.50 Dollars($)	Posted: Sat May 23, 2009 11:46 pm    Post subject: Like 0 Dislike 0 Hi raretreasures, You will still be liable for the HELOC. If the sale of the property cannot satisfy the mortgage payments of HELOC, the lender will ask you to pay it off. If you cannot pay it, the lender may charge off the loan and a collection agency will collect the dues from you. _________________ Procrastination is the enemy of your financial success
sunil87020 Joined: 04 May 2009 Posts: 339 26.96 Dollars($)	Posted: Sun May 24, 2009 3:45 am    Post subject: Like 0 Dislike 0 Can anyone specify what is HELOC?
smithsussane Joined: 18 Sep 2008 Posts: 10020 Location: Alaska 917.78 Dollars($)	Posted: Sun May 24, 2009 8:03 pm    Post subject: Like 0 Dislike 0 Hi Sunil! Home Equity Line of Credit is a second loan which a borrower can get depending upon the equity that he/she has in the property. Sussane

Quick Reply
Your Name
Subject
Image Verification	Enter the code above here : Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours

Page 1 of 1

---

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0