Legal Question in Bankruptcy in Florida

Can a lender foreclose on a bankruptcy where there is a first loan and a heloc. The heloc would be wiped out from the bankruptcy and the first loan would continue to be paid

Asked on 5/05/13, 6:57 am

1 Answer from Attorneys

R. Jason de Groot R. Jason de Groot, P.A.

If the first lender is not paid there can be a foreclosure. You should act fast to get rid of the heloc. We do not know how long the ability to wipe it off the slate will last.

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Answered on 5/05/13, 4:35 pm

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