Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Tradelite who wrote (2501)	5/1/2002 11:09:27 AM
From: bozwood	Respond to of 306849

This is what you said: "Boz, it's hard to lose your house simply by defaulting on a home equity loan or line of credit. The issuer of that loan is a second (or maybe third or fourth) lienholder on the property and can't make a move without the knowledge and consent of the first lienholder, who couldn't care less about the second lienholder's status, anyway." The last sentence is what you are wrong about and it's irresponsible, at best, to put something like that out there unless you know you are right. And if someone takes you at your word, then it could be dangerous for them and their home.