Your home will foreclose What will happen to the balance you have on your equity line of credit obtained from?

May 21st, 2008 | by admin |
sevan s asked:


My friend has a home equity line of credit and plans to foreclose on his home. Will he be responsible to pay for his line of credit afterwards or will that be considered a part of the foreclosure?

Ruby
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    1. One Response to “Your home will foreclose What will happen to the balance you have on your equity line of credit obtained from?”

    2. By kate on May 22, 2008 | Reply

      For all mortgage and heloc is responsible in full for the difference eg mortgage and they will be.

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