Hello Gang,

I have a short I’m about to start and the 2nd is a HELOC.

Is it the same as negotiaing the 2nd?

Is there any precautions I need to consider?

From my understanding I think I need to make sure that the homeowner took out all the money.

Can someone please give me some assistant, Thanks

The 2nd being a HELOC is the same as any other type of 2nd. You do need to know how much is owed. As you probably know if the first forecloses and there isn’t enough equity, the 2nd could be wiped out.