Home equity loans are just like any other lien on a property in that the lien-holder must agree to remove the lien so a closing can occur.
If you are researching short sales to position yourself for them, interview them extensively as to their education and experience in closing such transactions. If you are in Oakland, Wayne, Macomb, or Livingston county, we would like to speak with you. If outside of that area, we can direct you to a proven professional.
Happy New Year!