Old HELOC - what to do?


LoanSafe Member
It's been a long time! This forum was very helpful when we were applying for a loan modification in 2013. We have now sold the property. The sale closed, although proceeds are being held in escrow because of the old HELOC 2nd (40K) which has not been paid since 2009. I haven't been able to find any record of a lien on the property. Any advice?


LoanSafe Member
I'm guessing that your bank or title company has put a hold on the proceeds? What are they saying the reason is? If they are saying its the lien from the HELOC, I would check your county register of deeds and see if it is still there. It may have been released and then that $40K would be yours.