Legal Question in Credit and Debt Law in Florida

I have a home equity line of credit secured by a second morgtage. Line is maxed out at 60k. Current market value approximately 225k. First mortgage is 235k. What would happen if I stopped paying Home equity line of credit loan?


Asked on 8/08/10, 12:08 am

1 Answer from Attorneys
Angelo Marino Angelo Marino Jr. PA

Your home would be forclosed on and your credit would be impaired. Want to know the law? Sign up for our free newsletter on varies areas of the law by sending an email to [email protected] and requesting the newsletter, or go to www.ConsumerLawyerHelp.com. See www.FL-PI-Lawyer.com for your personal injury needs.

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Answered on 8/16/10, 7:46 am


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