Find the best financial services for you at: SMARTFINANCESOLUTIONS.NET - Should I sign any admission of continued indebtness with a HELOC on closing a short sale? - If we don't sign the following letter, our HELOC note holder will refuse to allow us to sell our home and we face certain foreclosure. Does this notarized letter make it easier for them to come after us for the balance of the HELOC in the future? Should we just let foreclosure occur or should we hand the lender a noose to hang us with?
Here's the body of the letter we are being asked to sign today or the closing is off:
Loan # ###### -