I read an article in the paper stating that defaults are up on home equity lines of credit. The paper did not provide any detail but my questions are these. If you default on the home equity line of credit, can't the bank take your house? Can you continue paying on your mortgage (1st Trust Deed) and default on your home equity line of credit and keep your home? When you default on your home equity line of credit do you lose your home? (Sorry for these questions, but the paper did not mention any of the items I brought up and I am really curious.) Thanks
Orignal From: Home equity lines of credit, does defaulting endanger the ownership of the house?
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