Legal Question in Real Estate Law in Florida

I have a line of credit with my house as collateral for $19,000 which is on default, my main mortgage balance with another bank is $285,000. Can the bank holding the line of credit start a foreclosure on my house.


Asked on 7/21/16, 11:13 am

2 Answers from Attorneys
David Slater David P. Slater, Esq.

They can but won't, as first mortgage has priority in payment.

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Answered on 7/21/16, 11:17 am
Barry Stein De Cardenas, Freixas, Stein & Zachary

yes they can. if they get their judgment before your main mortgage gets their judgment than they can sell the house through the foreclosure.

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Answered on 7/21/16, 12:11 pm


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