There's not enough info in the listing to determine what it is. The property is not even for sale. The owner is likely behind on his/her mortgage but that doesn't mean they will let the bank take their house. Realtytrac, the company that advertises this property, is simply trying get folks to sign up for their paid membership, so you can learn that this house is not for sale. Call me if you are interested in buying an actual home, and not a phantom listing.... more
I did take an equity out around that time, so maybe this makes sense. Possibly. Other then that not worried about anything else, totally secure and house is still morrtgaged with same bank..so not resold by my primary mortgage company.