Legal Question in Real Estate Law in Missouri

can bank forclose on house where 1st morgt is current but struggling on home equity of credit?


Asked on 10/06/13, 9:56 am

1 Answer from Attorneys
Anthony Smith LawSmith

If the equity loan lender is different than the Mortgage one., they can fire close, but the lien for the first mortgage remains. If they are the same, whether they can declare default and fire close on me, is dependent upon the clauses of the two loans. If that is your case, you might need to have an attorney examine your documents.

Good luck

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Answered on 10/06/13, 4:50 pm


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