All Forum Posts by: Brent Marlis
Brent Marlis has started 1 posts and replied 3 times.
Post: HOA foreclosure and finding HELOC balance
- Real Estate Investor
- Los Angeles, CA
- Posts 3
- Votes 1
@Wayne Brooks I know the maximum amount of credit. What I'm looking for is how much was borrowed and what is currently owed.
Post: HOA foreclosure and finding HELOC balance
- Real Estate Investor
- Los Angeles, CA
- Posts 3
- Votes 1
Thanks Chad. Yes, already contacted the attorney on the foreclosure file and he wasn't able to see anything. I'm wondering if there's some other way to find the HELOC balance? I think that if the HELOC lender hasn't started the foreclosure process then the amount owed on that loan isn't very high. If there was a large outstanding amount, then the HELOC lender would start foreclose.. but I don't really know
Post: HOA foreclosure and finding HELOC balance
- Real Estate Investor
- Los Angeles, CA
- Posts 3
- Votes 1
I'm looking at a property going to a HOA foreclosure sale with a senior mortgage lien and senior HELOC lien. I know the mortgage has a 30 year term and was taken out in 2005. Using this info I can calculate a rough estimate of the current mortgage balance. The HELOC lien is my main concern. Is there any way for me to find how much is owed on the HELOC?