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Real Estate & Property Law

: The Home Equity Theft Reporter

Ist Mortgage Loan Modifications May Hit Road Block When Second Mortgages, HELOCs Are Involved

By r morris

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Dow Jones Newswires reports: Abu Hafizuddin inthe Village of Huntley, Ill., has applied to get his mortgage modified after missing payments. But more flexible terms may still not save him from foreclosure. The problem is that he's behind on another set of payments tied to his property: his home-equity loan.***Home-equity loans are a stumbling block in efforts to stall or prevent foreclosures, a

Full post as published by The Home Equity Theft Reporter on December 19, 2008 (boomark / email).

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