If you do not pay or default on your HELOC and continue to pay on first mortgage can the HELOC mortgage lender initiate foreclosure?
Does the HELOC holder contact your primary mortgage holder at loan origination? Do they contact the primary mortgage holder for permission to inititate foreclosure? Can the primary mortgage holder stop foreclosure? Read the rest of this entry »
Tags: Second Mortgage Forecloser, Mortgage Refinance, Second Mortgages, Home Equity Line Of Credit, lien holders, Original lender, property value