My question involves a foreclosure in the State of: CA
My home loan which was refinanced into a first with a HELOC both by company A was foreclosed and sold last year. I received the 1099C on the first but the HELOC loan is still under collection attempts from a debt collection company.
From what I could research I found that "Simon vs Superior Court" should apply and that I should not owe on the HELOC since both loans were owned and serviced by the same company.
My question: If Company A sells the HELOC to a debt collector prior to foreclosing does this circumvent the "Simon vs Superior Court" ruling thus making legal action against me a possibility for the debt collector.
Thank you for your input,