Posted on: 28th Mar, 2009 11:54 am
is a home equity loan treated the same as a 2nd when home is sold at auction?
Is this a forcloser auction?
hi guest,
i guess, you've a primary mortgage on your property. apart from this, you have also taken a home equity loan. in that case, your home equity loan will be considered as a second mortgage and you would be liable to pay it off if your home is sold at an auction.
i guess, you've a primary mortgage on your property. apart from this, you have also taken a home equity loan. in that case, your home equity loan will be considered as a second mortgage and you would be liable to pay it off if your home is sold at an auction.