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    mcriman's Avatar
    mcriman Posts: 3, Reputation: 1
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    #1

    Sep 25, 2008, 04:08 PM
    Home equity loan with home now going into foreclosure
    I live in Michigan and a couple of years ago I took out a $60,00 home equity loan. With my home now going into foreclosure and me filing for personal bankruptcy, what happens to my home equity loan?
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
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    #2

    Sep 25, 2008, 05:21 PM
    Quote Originally Posted by mcriman View Post
    I live in Michigan and a couple of years ago I took out a $60,00 home equity loan. With my home now going into foreclosure and me filing for personal bankruptcy, what happens to my home equity loan?


    It would be discharged as part of the bankruptcy if the filing is accepted.

    Is that what you mean?
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