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Foreclosure and Home Equity Line
Hello all,
Can anyone advise on this; I currently own a home and part of the mortage is a home equity line of credit. I have asubstantial amount in the equity line that I can use. The problem I have is that my employment will be terminated and I am not a US citizen. Since I have had prior knowledge of this, I have been trying to sell the house for quite awhile now with no luck. I am not as concerned about the impact on my creit rating as I am with having enough funds to move back to my own country. Is it legal for me to use the unused part of my equity line and go ahead and foreclose on the property? Any advice would be appreciated. Thanks. |
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