Tag Archives: home equity loan
Can I pay off an EQUITY loan with an unsecured loan prior to filing bankruptcy?
We got a home equity loan in June to consolidate credit card bills, another home equity line, and small construction loan. Things were fine until I was recently diagnosed with multiple sclerosis and declared disabled. I receive social security, which is currently one-half of my former salary, but only until my children graduate when it … Continue reading
Modifying 1st mortgage before bankruptcy auction date-does 2nd home equity stay discharged, or is it activated?
My daughter and son in law have gone through chapter 7 bankruptcy in Oregon. They had a 1st and a 2nd mortgage (which was a home equity loan). There is an auction date set for the sale of their home, but their first mortgage company is giving them the opportunity to 'save' the home through … Continue reading