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Updated over 17 years ago on . Most recent reply
Shorting 2nd- home equity line?
Hi there!
Is it possible to short an equity line? Or better yet, can you purchase it from the lender as a note?
I ran into a person in this scenario:
1st- 600K
2nd- 150K equity line
Market Value- 780K
NOD filed in June. One of the person on the loan owns another property which has equity. Does that mean there is no way we can do a short sale?
Thanks for your help!