Legal Question in Credit and Debt Law in Illinois

Have a home in colorado with a equity( line of credit loan) against it. I rent a home in Illinois. If I default on the loan,and it does not auction off for the amount of loan, can the bank come after other assets other then the home in colorado.


Asked on 5/20/10, 2:45 pm

1 Answer from Attorneys
Sal Sheikh www.BetterCallSal.com

YES.

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Answered on 5/25/10, 10:11 am


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