Legal Question in Real Estate Law in Florida

can a HELOC loan on your home foreclose if the primary home loan is current?


Asked on 8/21/11, 12:53 pm

1 Answer from Attorneys
Richard Kaplan

Yes. A HELOC is nothing more than a fancy mortgage (and can be a 1st, 2nd or higher mortgage) on the house that you can draw on when you want like a credit card. Therefore it is secured credit. Credit cards are unsecured credit.

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Answered on 8/21/11, 1:04 pm


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