What happens to heloc in a foreclosure?

Answer When the housing slump hit in 2008-2009, it affected people from all economic backgrounds. But as heartbreaking as losing a house can be, those who had a HELOC (Home Equity Line of Credit) loan had... Read More »

Top Q&A For: What happens to heloc in a foreclosure

How to Negotiate the Best Offer on a Foreclosure or Pre Foreclosure?

Just because you’re not an expert doesn’t mean you should be too intimidated to make an offer on a foreclosure. You don’t have to start with offering more than you ideally want to pay because... Read More »

What Is HELOC and MMA?

HELOC is short for "home equity line of credit," a way to borrow money against the value of your house. A Money Merge Account (MMA) is a type of financial product known as a mortgage accelerator.

What is a HELOC?

"HELOC" is an abbreviation for "home equity line of credit". It is a line of credit that is secured by the the value of a home's equity (the difference between a home's value and the balance owed o... Read More »

How to Transfer HELOC?

HELOC loans, commonly known as HELOCs, are mortgages on a home--usually in second position behind the first mortgage. These loans are often used for home improvements, large purchases (such as a bo... Read More »