What Happens to my 2nd Mortgage/Home Equity Loan in Ch. 7 Bankruptcy?
Written By: Emil Fleysher | December 23, 2010 | Bankruptcy
Many clients are concerned with what will happen to their second mortgage (also referred to as a Home Equity Loan, Home Equity Line of Credit or HELOC) during and after Chapter 7 Bankruptcy. What is Second Mortgage? In general, second mortgages or HELOCs are loans that property owners get. The value of the property above