October 6th, 2010 
Admin Question by cjmonette1: If I have a line of credit on the house, and its going into forclosure, is the loc also going to be forclosed?
I have a house thats going to go into forclosure that I cannot afford, but I’ve been making the paymetns on the line of credit. Because the loc is attached to the house, whats happens when it goes into forclosure?
Best answer:
Answer by greffy
I’m not sure what a “loc” is but I believe that anything that is considered part of the house, that is, REAL property, is also going to be lost to you.
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You will have to ask your lender, but I’m pretty sure that your HELOC will be attached to the house and you will lose it too. You can’t have a HELOC with not property to attach it to.
This may or may not be included in the forclosure. If the bank has a lien against your property for the credit limit, it will be. The bank will be notified and it will be forclosed on as well.
If it’s not secured with a lien, that loc would still be in place after the foreclosure….until the bank finds out.