SuziQ
Former Member
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I bet it plays out somewhere in the home equity loan scheme of things. I wonder if the company that gave him the equity loan took the deed as collateral? Is that how those home equity loans work?
That's my understanding from the below link. It clearly states by having an equity line of credit, that you are in danger of losing your home if you default. I doubt the Deed was laying around the house for Stacy to take. Which wouldn't do her any good anyways with the banks name on it.
http://www.federalreserve.gov/pubs/homeline/