is equity line of credit become unsecure debt afte
Date: Wed, 05/18/2011 - 22:36
is equity line of credit become unsecure debt after short sale the house and count as 3yr. on statue of limitation on virgina or still count as secure loan which is open with contract account which SOL is 5yr. in virginia? how low can we settle the debt?
What is the total debt amount? HELOC is a secured debt. If the l
What is the total debt amount? HELOC is a secured debt. If the loan has not been satisfied even after the short sale, then you can settle the deficit balance with your lenders.
Don't forget to share your true financial situation with your le
Don't forget to share your true financial situation with your lenders while negotiating for a settlement. Once they get a true view of your current financial obligations, only then they'd be able to offer the thing that suits your budget.