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Updated over 7 years ago on . Most recent reply
Foreclosure Auction for HELOC?
Hello all,
So I found an upcoming foreclosure auction listed at a Firm's website and announced in a local paper. Here is the strange part though, I searched the property records and the deed instrument number being auctioned appears to be associated with a HELOC (Home Equity Line of Credit) that is tied to the original mortgage. I would think they are only selling rights to the HELOC; However, the language used suggests they are foreclosing on the property. I am confused, so any insight or advice from the crowd is appreciated!