Legal Question in Real Estate Law in California

Equity Line and Home mortgage and home?

Hi there,

1) My question is I have credit card and mortgage with one company and now I don't have money to pay for the credit card bills after paying for the mortgage bills. Since I can't pay for the credit card bills will it affect my house? can the bank do anything to it? They are from the same company.

2) Final question is that I have an equity line and I can't pay for that anymore either. What can happen? Will it affect my house?

Please provide me with a thorough response.


Asked on 2/20/09, 11:57 pm

1 Answer from Attorneys
Michael Stone Law Offices of Michael B. Stone Toll Free 1-855-USE-MIKE

Re: Equity Line and Home mortgage and home?

Thorough response: RTFC - Read The Friendly Contracts.

1) Read the credit card contract.

2) Read the mortgage contract.

3) Read the equity line contract.

4) Consult an attorney about your possibly filing for Chapter 13.

Read more
Answered on 2/21/09, 12:08 am


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