Michigan's laws for recourse/non-recourse and foreclosure are clear. However, it is unclear based on your one-sentence question whether you have a recourse or non-recourse loan. Therefore, I urge you to consult with an attorney licensed in Michigan who has experience in property law. Bring all of the loan-related documents you have to the consultation, especially the HELOC contract.
I realize my answer is unsatisfactory. However, I would rather provide a non-answer than guess and have a 50% chance of being wrong.
I hope this information helps you Find. Learn & Save.
Best,
Bill
www.bills.com/
Loading more commentsSince you don't have facebook, please provide us with your location and a valid email address so we can answer it. Without a valid email address,we can't reply. (Go back to login with Facebook)
Due to the high volume of comments received, we cannot publish and/or respond to every comment received. If you have a specific question, we recommend you search our site for an answer before commenting.
* Bills.com will not share, sell, lend, or make public your e-mail address. We reserve the right to delete any questions or comments that violate the Bills.com terms of service.
We get a lot of comments! To help us show our boss that this is a valuable service, so we can keep providing it, we ask you to do 2 things before commmenting:
Log in
Like us
Submit your comment!
Due to the high volume of comments received, we cannot publish and/or respond to every comment received. If you have a specific question, we recommend you search our site for an answer before commenting.
* Bills.com will not share, sell, lend, or make public your e-mail address. We reserve the right to delete any questions or comments that violate the Bills.com terms of service.
Thank you for your comment. Your comment will be posted shortly.
No Comments