Equity Line of Credit

I am taking a SS listing that has a first and second, the second being an equity line of credit of around $40,000 used for something other than the house. This home is a rental home. The money from the second was not used on the house, but for other investments. Will the homeowner be liable for the whole amount? The first and second are different banks. Thanks.

You need to be a member of Short Sale Superstars to add comments!

Join Short Sale Superstars

Email me when people reply –
********************************** like buttons ************************