Posted on: 03rd Nov, 2010 10:22 pm
Like most families we are going through some hardship, my business is not doing good and i have a heloc with bank of america. now my question is can they foreclose on me?
If you do not pay the dues on time, the lender will have the rights to foreclose the property. If you're unable to pay off the HELOC, you should contact your lender and inform him about your situation. If the lender is convinced, he can give you an affordable payment plan to pay off the dues.