Archived
Can a bank foreclose my home if i do not pay my home equity line?
my first mortgage paid on time.
James's answer
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Answered on January 14, 2010
If the equity line is secured by a mortgage and the bank properly declares it in default, then yes it can foreclose on the mortgage, the mortgage...
Archived
If I give up my house in a bankruptcy can my home equity loan be cross collaterialized?
James's answer
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Answered on January 14, 2010
State law determines whether or not certain consumer indebtedness can be cross collateralized, sometimes referred to as a drag net clause. This...
Archived
Equity loan and bankruptcy
James's answer
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Answered on January 14, 2010
Bankruptcy law requires that you list and include all of your debts and all of your assets. You cannot prefer one credtior over another by...
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