Question Details

John Thomas…, Real Estate Pro in 83814

Has anyone had problems getting a HELOC in 2nd position to short sale when the 1st position is foreclosing?

Asked by John Thomas Sinclair, 83814 Mon Jun 25, 2007

Help the community by answering this question:

Answers

1
I haven't done a short sale with a HELOC but in the past I did with regular second TD's and often the holder of the second just won't co-operate. I suspect it may be becasue they are going to lose anyway and would rather let the homeowner go through foreclosure as a penalty .
0 votes Thank Flag Link Wed Jun 27, 2007
Kaye Thomas, Real Estate Pro in 90266
MVP'08
Contact
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2015 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer