Re: Equitly loan and forclosure
Posted by Julio Martinez-Clark on February 27, 2008 at 11:22:40:
In Reply to: Equitly loan and forclosure
Posted by Jonah on February 27, 2008 at 10:45:41:
Jonah,
You still have the obligation with your lender to pay the debt. Your property was the collateral to secure the loan. The fact that the collateral is no longer yours and securing the loan, doesn't mean that the obligation has been forgiven.
I hope this helps,
Julio Martinez-Clark
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