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Author Topic: Legal Question.  (Read 1099 times)

Tre West

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Legal Question.
« on: May 16, 2009, 05:32:54 PM »

If you have a heloc, and you foreclose on the house you pulled the money out on, does the heloc payment go away because it was tied into the equity of that home? Technically it's a second....right? Thanks for any answers.
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Conceptz-X

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Re: Legal Question.
« Reply #1 on: May 16, 2009, 08:05:46 PM »

Not entirely sure, but I think they can come after you somehow or another to get whats owed

Not quite the same deal, but possibly similar

Co-worker of mine had a lease on a charger Daytona, he turned it in before ever being late knowing he couldnt afford payment, they billed him for 4500 dollars for equity losses and other BS fees, put a lien on his house, and garnished wages
« Last Edit: May 16, 2009, 08:08:36 PM by Conceptz-X »
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