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Have a tendency to the financial institution toward a few HELOCs (different than the original mortgage) foreclose?
October 14, 2024
The original mortgage lender may not proper care so you’re able to discuss otherwise tailor the loan
I acquired a chapter eight release back into 2005. I’d my personal first-mortgage as well as 2 HELOCs, or home collateral credit lines, included in the bankruptcy, never ever reaffirmed, however, proceeded to reside in our home and you may pay all around three mortgage loans. The fresh new balloon payments on HELOCs are owed the following year. The value of the home is pretty a bit less than simply the total worth of the brand new mortgages. Continue Reading