Legal Question in Real Estate Law in Arizona
Mortgage
Is it true that if I stop making payments on my home equity line of credit (2nd position) that foreclosure cannot occur unless the line of credit bank pays off my primary mortgage (which is twice the amount of my line of credit)?
Asked on 12/22/08, 5:57 pm
1 Answer from Attorneys
Brian Blum
Blum Law Office, PLC
Re: Mortgage
No. That is not true.
Answered on 12/22/08, 6:03 pm