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Updated over 7 years ago on . Most recent reply

User Stats

21
Posts
2
Votes
Andre B.
  • Yorktown, VA
2
Votes |
21
Posts

Foreclosure Auction for HELOC?

Andre B.
  • Yorktown, VA
Posted

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!

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