Southern CA: HELOC & Mortgage foreclosure...
...issues? I have a mortgage and HELOC with same lender for total ballance of $423,000. The current market value of my house is about $375,000. Will the lender pursue with Deficiency Judgement for the rest unrecovered ballance? if they decided to foreclose my house and its obviously they will loose some money. I want to know what is going to happen to me as home owner. Will they try to take money from my bank account trying to make up the money they lost? And what if I have another property that is current. Will they put a lien againt my other property? And what if I m going to buy another house after this foreclure, will there be any lien against my new house?
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