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My lender (Citi) Is my 1st mortgage and also my heloc.

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If we foreclose on the 1st mortgage, what happens to the heloc. We owe 34k on the heloc & 221k on the 1st. Value of the home Is 170k.
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October 15 - Las Vegas
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Answers (1)

Nevada is a Deficiency state which means the banks can come after you for the difference. Even if they foreclose, there are rights for them to collect on the 1st. Have you thought about attempting a Las Vegas Short Sale first? Why just walk away?
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October 15
 

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