Short Sale or foreclosure with a HELOC in VA
Posted by Jae on December 26, 2008 at 08:53:18:
I refi my 2nd mortgage into a HELOC and took out a large equity in 2006. If I go into short sale or foreclosure and the sales price is less than the 1st mortgage and line of credit, will the lender for line of credit go after me for the o/s balance? I'm in Virginia. Thank you.
Follow Ups:
- Re: Short Sale or foreclosure with a HELOC in VA - steele in minnesota 07:01:31 12/28/08
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- Re: Short Sale or foreclosure with a HELOC in VA - FP 07:58:31 12/27/08
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- Re: Short Sale or foreclosure with a HELOC in VA - Robert Adams 15:05:26 12/26/08
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- Re: Short Sale or foreclosure with a HELOC in VA - NJDave 09:23:15 12/26/08
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