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Nesgroup address: misc.consumers.house - Date & Time for the message: Mon, 16 May 2005 21:49:29 GMT /

Author of the message: "AllEmailDeletedImmediately"

Title of the message:
Re: Foreclosure and Home Equity Line

Text of the message:
"KP" <keithcp@gmail.com> wrote in message
news:1115565536.512013.4690@o13g2000cwo.googlegroups.com...

> Hello all,
> Can anyone advise on this; I currently own a home and part of the
> mortage is a home equity line of credit. I have asubstantial amount in
> the equity line that I can use.
> The problem I have is that my employment will be terminated and I am
> not a US citizen. Since I have had prior knowledge of this, I have been
> trying to sell the house for quite awhile now with no luck. I am not as
> concerned about the impact on my creit rating as I am with having
> enough funds to move back to my own country.
> Is it legal for me to use the unused part of my equity line and go
> ahead and foreclose on the property?
> Any advice would be appreciated.

this might be viewed as fraud?
.



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