My house was auctioned off on August 2, 2010. But I have a home equity line of credit that I still owe on, but now it is unsecured because the house has been foreclosed on. Can I file bankruptcy on that dept?
Posts Tagged ‘equity line of credit’
what happens with home equity loans and lines of credit after your house is foreclosed on?
Friday, September 3rd, 2010Is a home equity line of credit tax deductible like a mortgage?
Thursday, August 26th, 2010I am considering getting a line of credit off of our equity, but before I do, I want
to find out if there is a tax credit for it.
Is my 2nd mortgage still subordinate to the 1st if the first has now been modified?
Thursday, August 26th, 2010I hold a second mortgage on a house in NJ which is being foreclosed on. The 1st mortgage was held by WAMU and purchased by JPMorgan in 2008. If the 1st mortgage was modified after my mortgage was registered, is my mortgage still subordinate to the 1st mortgage?
Home equity lines of credit, does defaulting endanger the ownership of the house?
Saturday, August 21st, 2010I read an article in the paper stating that defaults are up on home equity lines of credit. The paper did not provide any detail but my questions are these. If you default on the home equity line of credit, can’t the bank take your house? Can you continue paying on your mortgage (1st Trust Deed) and default on your home equity line of credit and keep your home? When you default on your home equity line of credit do you lose your home? (Sorry for these questions, but the paper did not mention any of the items I brought up and I am really curious.) Thanks
Are 2nd mortgage rates the same as the first?
Wednesday, August 11th, 2010I see that home equity line of credit has a larger interest rate. However, if I were to take out a 2nd mortgage, are the rates the same as a first mortgage for that day?
Also, are there closing costs on a 2nd mortgage and are they relatively the same?
Should I get a loan on a house I bought using HELOC?
Friday, August 6th, 2010Hi, I bought an investment property using my HELOC and I am paying interest every month without paying off the principal. The rent on the house is enough to pay off the monthly interest. While the interest rate is low, should I get a new loan so I can pay off my principle too? Thank you.
If I file for bankruptcy can I include my home equity line of credit in it?
Monday, August 2nd, 2010I have a 1st mortgage and home equity line of credit. Can I include the line of credit in the bankruptcy filing and still keep the 1st mortgage and keep the house?
What is my best option for leveraging the equity in my home to finance my daughters college education?
Friday, July 30th, 2010Is it refinancing my 1st mortgage? Taking out a home equity line of credit? Taking out a home equity loan? Or none of the above?
Home Equity Line of Credit HELP!! Specialized Loan Servicing / GMAC?
Thursday, July 29th, 2010I purchased my home in 2004. At that time, a ,000 home equity line of credit was established through GMAC. In October of 2009, GMAC sold my HELOC to Specialized Loan Servicing.
Ever since, it has been a nightmare.
Can’t keep track of my payments, no idea where my money is being applied, bogus annual maintenance fees (that were not in the original GMAC note), impossible to read statements – I’m just beside myself. On top of all that, it is obvious SLS is geared towards collecting BAD debts. Almost every call I make to them, or piece of mail I receive is set up as if it’s for someone that is 3 months behind. I pay almost double my monthly payment for pete-sakes!!!
I want to get AWAY from this company…. can anyone suggest a lender, company, bank, solution so that I can run from these half-wits??? I don’t deserve to be treated like this, and neither does anyone else that have been upholding their end of the loan requirements.
Should I take out from my home equity line of credit to pay off my mortgage?
Saturday, July 3rd, 2010Mortgage interest rate is 5.625%. My home equity line of credit is just 2.75%. I have enough credit to cover the balance of my mortgage, and will certainly pay it off either way within the 10 year requirement.
What are the ramifications? Am I missing anything?
Related ‘equity line of credit’ sites :
| What You Should Know About Home Equity Lines of Credit If you are in the market for credit, a home equity plan is one of several options that might be right for you. ... With a home equity line, you will be approved for a specific ... www.federalreserve.gov/pubs/ | |
| Best Home Equity Line of Credit Rate at Chase Home Equity Get the best home equity line of credit rate available with the Chase Best Rate option. With a simple online application and our fantastic low rates, ... chase.com/index.jsp?... | |
| Home Equity Line of Credit: Home Equity Lines of Credit and ... A home equity line of credit from Chase is all you need. Get the right home equity line with an affordable monthly payment. Find it here, right now. ... chase.com/index.jsp?... | |
| Home Equity Line Of Credit - Funds Secured Against Your Home Home equity line of credit also known as HELOC, is a line of credit that is based on a fixed maximum loan amount. www.creditloan.com/ | |
| Sample: HSH's Monthly National Home Equity Line of Credit ... HSH produces monthly surveys of home equity line of credit products. HSH Associates is the world's leading publisher of mortgage and consumer loan information. ... www.hsh.com/helocsample.html | |
| FlexLock Home Equity Line of Credit | Sovereign Bank Sovereign's FlexLock Home Equity Line of Credit combines the best features of a flexible credit line and a fixed-rate loan. Apply online today. www.sovereignbank.com/equity | |
| Home Equity Line of Credit | Best HELOC Rates & Refinance Find the lowest home equity line of credit rate quotes and learn more about HELOCs. Use our home equity calculator to calculate your monthly HELOC payments. www.mortgageloan.com/ | |
| Home Equity Line of Credit Loans | HELOC Mortgage Rates ... Apply today to get bet home equity line of credit loans at lowest interest rates. ... With the help of a home equity line of credit loan there are several things one can do. ... www.loansstore.com/ | |
| Citibank Online - Home Equity Line of Credit Your dream project starts with a home equity line of credit. ... A Home Equity Line of Credit is available only for 1 to 2 family residential properties, ... online.citibank.com/US/JRS/ | |
| Home Equity Line of Credit: Charles Schwab Bank: HELOC Benefit from our low rate home equity line of credit. Tap into the equity of your home with a Schwab Bank home equity line of credit (HELOC) ... www.schwab.com/public/schwab/ | |