Can a home equity loan foreclose?

Bankruptcy will force them to negotiate the debt.

I am sorry to say it but they can definitely foreclose as the home equity loan uses your house for collateral.

Yes they can definitely foreclose as the home equity loan uses your house for collateral.

Have your first mortgage pay off the second. This way you will have one mortgage and one mortgage payment. If you have equity in your home look to refinance instead of modify.

It would have to make dollars and sense. No lender or bank is going to spend 50k in foreclosure fees and many times pay back taxes to recoop 25k. Do the math.

Best of success with it.

Definitely, yes. Of course, they can definitely foreclose your house as you house had been collaterally used..Make sure that you can rely on the major banks that you are trusting on, especially when you can avail the cheapest fixed mortgage.

Sad to say that it will actually foreclose as your home equity loan or mortgage are uses your house as the collateral.

Probably YES! Cases like this can't be avoided, complications will really arise making your credit score sink. All I can say is that you consult a mortgage expert and ask for some legal advice about your situation.

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