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All Forum Posts by: Fredrick Johnson

Fredrick Johnson has started 1 posts and replied 5 times.

Post: NACA - HELOC Loan

Fredrick JohnsonPosted
  • Posts 5
  • Votes 2

Thank you very much.

Yes, the HELOC lender was fine being in 3rd position, and all of the necessary disclosures regarding the lien were made to them.

Ultimately, the HELOC money will be used for home repairs, not for paying off credit cards.

Hello Everyone,

I purchased my NACA home more than 5 years ago, and I obtained a HELOC on my home last year.

The financial institution that approved and funded my HELOC was fully aware of the NACA Lien on my home and continued with the process either way.

Also, I am not in violation of the occupancy requirements.

What would NACA's actions be?

Hello Everyone,

I purchased my NACA home more than 5 years ago, and I obtained a HELOC on my home last year.

The financial institution that approved and funded my HELOC was fully aware of the NACA Lien on my home and continued with the process either way.

Also, I am not in violation of the occupancy requirements.

What would NACA's actions be?

Hello Everyone,

I purchased my NACA home more than 5 years ago, and I obtained a HELOC on my home last year.

The financial institution that approved and funded my HELOC was fully aware of the NACA Lien on my home and continued with the process either way.

Also, I am not in violation of the occupancy requirements.

What would NACA's actions be?

Post: NACA - HELOC Loan

Fredrick JohnsonPosted
  • Posts 5
  • Votes 2

Hello Everyone,

I purchased my NACA home more than 5 years ago, and I obtained a HELOC on my home last year.

The financial institution that approved and funded my HELOC was fully aware of the NACA Lien on my home and continued with the process either way.

Also, I am not in violation of the occupancy requirements.

What would NACA's actions be?