Legal Question in Real Estate Law in Florida

My question is I took out a home equity line on a investment property three years ago and made payments faithfully during that time,I was told that if I was to sell the home that this equity loan would have to be satisfied first or within the sale ,well I have since lost this home last year in foreclosure should that been also satisfied in that sale am I still responsible for this loan and how do I know it was not satistfied when the bank sold it?


Asked on 3/07/10, 9:03 pm

2 Answers from Attorneys
Alan Wagner Wagner, McLaughlin & Whittemore P.A.

You are still responsible for the loan.

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Answered on 3/12/10, 9:06 pm
David Labovitz Labovitz Law Firm, P.A.

Yep. You're still on the hook for the equity line. It's a separate and distinct loan from the first mortgage.

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Answered on 3/13/10, 4:19 am


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