What will happen to your residence equity mortgage immediately following foreclosures utilizes state rules

What will happen to your residence equity mortgage immediately following foreclosures utilizes state rules

Second Mortgage and you can Insufficiency Decisions

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In several claims, in case your product sales of the house does not offer sufficient currency so you’re able to repay the house equity loan, the financial institution could possibly get sue you for any sort of was due, referred to as deficiency. Continue reading “What will happen to your residence equity mortgage immediately following foreclosures utilizes state rules”