Real Estate Matters: Failure to Repay Home-Equity Lines Can Result in Foreclosure

Posted on October 23, 2009
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Q I live in Maryland and recently became unemployed. I have enough money to pay my monthly first-mortgage payment with Bank A for two years, if I do not make my home-equity line-of-credit payments to Bank B. Can Bank B foreclose on my home if I am current on my first-mortgage payments? If Bank B…

Source: Real Estate Matters: Failure to Repay Home-Equity Lines Can Result in Foreclosure

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