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The 2nd lien holder on my home is an equity line. I am in forclosure right and the quity line lender keeps making threats such as: "we will sue you after the forclosure because this not purchase money and it will not go away with the forclosure".
Is this possible? Or probable?
Hi Stock
If you have borrowed money you are responsible to pay it. Maybe you could speak with the 2nd mortgage company and ask for loan modification and explain to them if you are facing any financial hardship. If you are delinquent on a loan, this company might get a judgment against you.