April 19th, 2005 by Questions
I do not have a mortgage on my home but I do have a line of credit instead. Is this considered a secured or unsecured debt.
April 20, 2005 at 4:14 pm, A licensed trustee said:
If the line of credit is registered on title against the house, it is a secured debt. Most “home equity” lines of credit are secured debt.
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