 Vintage CrossStitch Sampler GOD BLESS OUR HOME 8 X 10 Inches US $19.99 
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 In Our Home NO SHOES May Roam -Wood Sign- Home Decor House Rules US $18.00
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What happens if we foreclose on our house, are we still liable for the home equity?
We have lived in our home for about 7 years now but we have fallen on hard times. We have a $25000 home equity loan on our house. If we were to foreclose on the property what happens to the home equity loan. They are with 2 different companies. We also filed for bankruptcy almost 4 years ago.
Most HELOCs are recourse loans. The bank will ask you to make a payment arrangement.
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