If the second forecloses what will I have to do? I have no NOD from the first of which is owed $960,000.00 . The second is foreclosing for 155,000.00 it is a HELOC. Will I have to move right away or will give us time?
The HELOC 2nd trustee sales is scheduled for January 27th (this month) , the arrears are $11,000.00 of a note of $155,000.00. What happens to the first? who owns the home at that point? Can I pay the arrears and will it go away? Who is doing the eviction? I am unclear since it is very uncommon for a heloc to foreclose when the first has so much owed.
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