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Old 03-24-2008, 09:28 PM
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Default How do we deal with HELOC in case of house

mortgage foreclosure? The price of our house has dropped $40,000 lower than its original purchase price. Unfortunately, we owe $52,000 in HELOC.
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Old 03-24-2008, 11:55 PM
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Keep paying on it if you can possible afford to do so.

If you are close upon foreclosure, be sure to check out the facts of the Mortgage Forgiveness Debt Relief Act of 2007.
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