A home equity loan does not require court action to sell property upon default of the debtor.

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Tanmay Rajesh Agrawal · Accepted Answer

Final Answer : False, Explanation :  A home equity loan is secured by the borrower's home, meaning if the borrower defaults on the loan, the lender can initiate foreclosure proceedings to sell the property without necessarily going through court, depending on state laws. However, in many jurisdictions, court action (judicial foreclosure) is required to sell a debtor's property, ensuring legal oversight and protection for the borrower.

A home equity loan does not require court action to sell property upon default of the debtor.

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