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Foreclosure Forum |
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Line of credit + JBB?Ward, From reading your archives, I believe a home equity line of credit (HELOC) is just like a typical trust deed, the priority of the lien is based on the time it is recorded, but the principal can fluctuate. Does that mean that if I am doing a junior bene buyout on the 2nd trust deed (for cashflow purposes), there should not be much of a concern on a HELOC if it is in 3rd position. Is that correct? Thanks for your help. Cary Follow Ups:
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