Lien recorded in wrong county - Posted by Henry

import · February 19, 2002, 10:23am

Posted by John on February 20, 2002 at 22:47:38:

Home Equity Line Of Credit

import · February 19, 2002, 10:23am

Posted by Henry on February 19, 2002 at 11:23:38:

I have a question about a HELOC that I took out on a property in ‘County A’ a couple of years ago. I live in ‘County B’ and my bank is in ‘County B’. I recently went to the county offices in ‘B’ and discovered the bank recorded the HELOC in ‘B’ instead of ‘A’. I went to ‘A’ and they have no lien listed on my property.

Is this something I should correct? Does it matter? Not that I would, but if I took out another loan on my property in ‘A’, would that loan take first place over the HELOC?

Thanks

import · February 20, 2002, 9:56pm

Re: Lien recorded in wrong county - Posted by William Bronchick

Posted by William Bronchick on February 20, 2002 at 22:56:37:

Yes, you are correct, a new lien would be ahead of them. Of course, the new lender would notice the debt on your credit report and ask you about it.

I would do nothing - if anything, the mess up inures to your benefit.

And, you’re suppose to ask, “what’s a henway?” And I say, “about 10 pounds”

import · February 20, 2002, 7:45pm

Re: Lien recorded in wrong county - Posted by William Bronchick

Posted by William Bronchick on February 20, 2002 at 20:45:40:

HELOC? What’s a HELOC? Is that like a “henway”?