Foreclosure University Forum

Equity line of credit and loan modification (Home Equity Lines of Credit)

by Emma, Friday, August 23, 2013, 08:48 (1673 days ago)

I have a first and a home equity line of credit. Payments stopped being made on both of them almost one year ago. However, I applied for a loan modification on both, and due to a bank error, only the first was modified. The equity line was sent to a collections agency. I am in the final stages of modification on the first. If my first is modified, what happens to the equity line of credit? Can they still foreclose?

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