HELOC/2nd Liens

The lender on my HELOC/2nd lien is demanding payment; what should I do?

With increasing frequency, more and more lenders for second mortgages, or home equity lines of credit (HELOCs) are demanding payment. For some homeowners, this is happening years after they last had any contact with the lender.

The usual reason for this is simple: home values are increasing, and more and more often, properties that were "underwater" now have equity. The lenders for HELOCs are therefore waking up, and are looking for payment.

Even worse, it is happening with regularity that HELOC lenders are selling the loan to a third party, and the third party is demanding payment. Although the third party probably only paid "cents" on the dollar, they are making demand for the back payments. With years of accrued interest and delinquent payments involved, homeowners are finding themselves in an unpleasant situation.

For our part, the Law Office of Michael Ripley has been successful at negotiating satisfactory conclusions in these situations, for holders of second mortgages and HELOCs. In the last 12 months, we have successfully negotiated for quite a few homeowners, without lawsuits having been filed or litigation ensuing.

Call Our Law Office for Help With Your Second Mortgage

The Law Office of Michael E. Ripley is conveniently located in San Diego, California, and can help residents who are seeking assistance on their HELOC or 2nd lien. Contact a lawyer by filling out the form on this website or call 858-792-5800.


The Law Office of Michael E. Ripley focuses on loan modifications and serves clients throughout Southern California, including the East County and North County areas in San Diego, California, which includes: the cities of San Diego, Del Mar, La Jolla, Carmel Valley, Chula Vista, El Cajon, Carlsbad, Oceanside and San Diego County.