What happens if my second mortgage is really a San Diego home equity line of credit (HELOC)?

Special situations call for expert handling.

If you have a second mortgage on your San Diego home, especially a HELOC, it becomes even more vital to your future to avoid a foreclosure.

Under laws enacted in California in 2011, the bank cannot come after you for a deficiency on the first mortgage. The second mortgage is a different matter. They can’t come after you if you short sell, but they CAN come after you following a foreclosure. This is one of the primary benefits of a short sale vs a foreclosure.

Negotiating a short sale on a San Diego HELOC can be a little tricky, but we can and do accomplish this all of the time.

If you are a San Diego homeowner in distress and you have a home equity line of credit (HELOC), call 619-929-1413 or write td@tomdunlap.com to contact us today. We have extensive experience in dealing with every kind of San Diego short sale, and we can bring about a successful resolution to your situation.

We’ll be happy to explain the process and answer your questions – so don’t delay. A foreclosure simply costs too much.


Please note that the information provided on this San Diego short sale page is generic, academic information used for general information purposes and may not be construed as or relied upon as a promise for a specific outcome.

This site provides information about real estate, law, income taxes and credit scores as relates to borrowers in distress, short sales and similar situations. The site is designed to help users safely cope with their own needs. Information is not the same as advice — the application of law or regulations to an individual’s specific circumstances. Although we go to great lengths to make sure our information is accurate and useful, we recommend you consult a lawyer, tax adviser or other specialist if you want professional assurance that our information, and your interpretation of it, is appropriate to your particular situation. The models in photographs accompanying the testimonials on this website are used for illustrative purposes and are not a personal endorsement.