Detailed text transcripts for TV channel - FOXNEWS - 20120929:11:23:00
Sir come up here. what is your name. >> craig. >> what questions do you have? >> how is a he lock, a home equity at this line of credit impacted? it's not a second mortgage in a foreclosure. >> helock are generally secured but it's revolving line of credit. it changes. as long as there is security interest against the mortgage. also going to be involved short sale if they have to deal with them or otherwise. heloc are tricky. home modifications tricky. they are considered a debt against the house. you are going to have to like anything else whether do you a short sale, if there is a foreclosur...