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In regards to forclosure

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smilinat108 Joined: 02 Nov 2010 Posts: 1 1.28 Dollars($)	Posted: Tue Nov 02, 2010 1:06 pm    Post subject: In regards to forclosure Like 0 Dislike 0 I have used my line one equity on my home to buy a vehicle. Can I continue to pay on this even if the bank forcloses on the house?If the bank forcloses and a balance is owed, can they take my vehicle?Can the bank on the forclosure put a lien on my newly purchased home in South Carolina?
jameshogg Joined: 20 Dec 2005 Posts: 10477 Location: Nevada 990.06 Dollars($)	Posted: Tue Nov 02, 2010 7:46 pm    Post subject: Like 0 Dislike 0 Hi smilinat, If you do not pay off the equity line of credit in full, the bank can place a lien on your vehicle. You can contact your lender and pay off the equity line of credit in full. This will help you in paying off the dues and the lender will not come after your vehicle. If the foreclosed property is located in some other state, then the lender won't be able to place a lien on your South Carolina home. Thanks

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