Legal Question in Real Estate Law in California
do i have any legal standing if i refinanced my home loan and consolidated a first and second back in 05, they kept the line open and i used it this was with no documentation and i would not have had enough value at that time to be within ltv guidelines, is it possible to get this forgiven?
Asked on 12/13/12, 4:48 pm
1 Answer from Attorneys
Bryan Whipple
Bryan R. R. Whipple, Attorney at Law
It's not really clear what happened here......is the lender now challenging your recent borrowing? If they left the line open, it seems to me it is up to the lender to keep tabs on the loan-to-value situation. However, without more details and a look at the loan agreement, it'd be impossible to say for sure.
Answered on 12/15/12, 8:31 pm
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