If a homeowner is in foreclosure,the home equity loan is repaid first since that was the last loan to be negotiated.

Name: If a homeowner is in foreclosure,the home equity loan is repaid first since that was the last loan to be negotiated.
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In the case of foreclosure, the primary mortgage (i.e. the first loan) takes priority over any secondary mortgages or home equity loans. The secondary loans are paid back only after the primary loan has been paid in full.

If a Homeowner Is in Foreclosure,the Home Equity Loan Is