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clementenolasco · Joined: 20 Nov 2009 Posts: 1 1.23 Dollars($)

Just dont wanna lose my only transportation to work

jenkin7 · Posted: Fri Nov 20, 2009 10:29 pm Post subject:

Hi clement,

If the proceeds from the auction of the house was not enough to pay off the home equity loan, the lender has the right to pursue a deficiency judgment against you. They can go after your other assets like cars, etc. and put liens on your other properties and can also garnish your wages. It is up to the lender how they choose to recover the balance on the loan.

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if my first mortgage sold in auction what can my home equity come after any of my assets if i dont pay?? example cars ,truck etc

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