What is the name of your state (only U.S. law)? Florida
If a house had a 1st and an equity loan, the 1st was replaced with a new loan and the equity line was paid off as part of the 1st but the equity line was not closed out.
3 yrs later, the equity line was modified to increase the amount of available funds and the home owner spent the funds received and filed bankruptcy, does the equity loan have the first lien position?
If a house had a 1st and an equity loan, the 1st was replaced with a new loan and the equity line was paid off as part of the 1st but the equity line was not closed out.
3 yrs later, the equity line was modified to increase the amount of available funds and the home owner spent the funds received and filed bankruptcy, does the equity loan have the first lien position?