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HELOC Fraud or No?

I’m in the middle of refinancing my primary mortgage on my home. The underwriter came back saying they need to do a subordination on my active home equity loan. But they can’t. Because the bank holding my active home equity loan never registered the loan with the county.

So now I’m at a crossroads. It sounds like there’s no way the HELOC bank can get the second loan registered with the county in time for me to close on my primary loan refinance by the deadline. I’m probably stuck having to just close the HELOC out. Luckily I never used it. And even then I may still have to start the mortgage application process over again.

Is this common for a bank to open a Home equity loan with a client and never register the thing? It feels crooked.

Thanks

submitted by /u/Aanon82
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source https://www.reddit.com/r/RealEstate/comments/l9sxva/heloc_fraud_or_no/
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