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

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Kaye Thomas, Agent, Manhattan Beach, CA
Wed Jun 27, 2007
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 .
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