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Updated almost 8 years ago on . Most recent reply

Ann N.'s profile image
Ann N.'s profile image
Ann N.
  • Real Estate Investor
  • from Chicago, Illinois
  • Member since Sep 12, 2016
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48
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8
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Ann N.'s profile image
Ann N.'s profile image
Ann N.
  • Real Estate Investor
  • from Chicago, Illinois
  • Member since Sep 12, 2016
Connect
Ann N.
  • Real Estate Investor
  • Chicago, IL
8
Votes |
48
Posts
Buying & Selling Real Estate

HELOC foreclosure advice please

Ann N.
  • Real Estate Investor
  • Chicago, IL
Posted

hi. have a property i am interested in where the homeowner is facing foreclosure for a HELOC from the relative who left it to her. prop worth 200k HELOC 80k.

can she pay off the bank at closing and still sell it after they started the foreclosure? does the fact that it's an old HELOC make any difference?

thank you

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