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All Forum Posts by: Brent Marlis

Brent Marlis has started 1 posts and replied 3 times.

Post: HOA foreclosure and finding HELOC balance

Brent MarlisPosted
  • 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

Brent MarlisPosted
  • 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

Brent MarlisPosted
  • 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?