Comments on: The Payground.com Offers Home Equity Secrets http://www.americanconsumernews.com/2008/07/the-paygroundcom-offers-home-equity-secrets.html News for Consumers in Changing Times Sun, 12 Feb 2012 04:49:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Foreclosure Heloc Loans http://www.americanconsumernews.com/2008/07/the-paygroundcom-offers-home-equity-secrets.html/comment-page-1#comment-15783 Foreclosure Heloc Loans Mon, 06 Sep 2010 04:59:00 +0000 http://www.americanconsumernews.com/?p=1416#comment-15783 If I go into foreclosure, and I have an outstanding HELOC loan with a balance? Would my HELOC loan go away once the house is in foreclosure? Or, would it be like a credit card balance, I have to pay back? What are the chance of me able to apply for a credit card after this foreclosure or buy a another house after 7 years? I'm in California. * 3 years ago Additional Details My other option is bankruptcy. Would that take care of the HELOC? I have 2 houses, and planning to live in one. Bankruptcy take away any house(s) I own and cars? 3 years ago If foreclosure doesn't take care of the HELOC; if I stop payment on it for 7 years, would it be written off? If I go into foreclosure, and I have an outstanding HELOC loan with a balance?
Would my HELOC loan go away once the house is in foreclosure? Or, would it be like a credit card balance, I have to pay back? What are the chance of me able to apply for a credit card after this foreclosure or buy a another house after 7 years? I’m in California.

* 3 years ago

Additional Details
My other option is bankruptcy. Would that take care of the HELOC? I have 2 houses, and planning to live in one. Bankruptcy take away any house(s) I own and cars?

3 years ago
If foreclosure doesn’t take care of the HELOC; if I stop payment on it for 7 years, would it be written off?

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