Foreclosure University - Your Online Real Estate Investing Resource » evict http://www.foreclosureuniversity.com/blog Foreclosure - Real Estate Investment : Short Sales Tue, 13 Dec 2011 05:33:36 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 I own a home in Florida. We owned the home outright and then got an equity line of credit. http://www.foreclosureuniversity.com/blog/184/i-own-a-home-in-florida-we-owned-the-home-outright-and-then-got-an-equity-line-of-credit/ http://www.foreclosureuniversity.com/blog/184/i-own-a-home-in-florida-we-owned-the-home-outright-and-then-got-an-equity-line-of-credit/#comments Thu, 10 Sep 2009 04:04:37 +0000 Jarad http://foreclosureuniversity.com/blog/2009/09/09/i-own-a-home-in-florida-we-owned-the-home-outright-and-then-got-an-equity-line-of-credit/ Question: I own a home in Florida. We owned the home outright and then got a home equity line of credit. We have not made a payment in 2 years!! I heard they can not evict. Is this true? I call and email them all the time and they never respond.

Answer: -You haven’t made a payment in two years and you own the home outright beside a small line of credit…You are crazy for not making that payment unless the home is not worth what you owe on the home equity line of credit.  No they can’t evict you…yet!  Once they foreclose on the property they can evict you.  I would try to get something worked out quickly especially if you have a great deal of equity in your home.

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