What is the difference between a HELOC and a Home Equity Loan?

King Money 1985 asked: I know a HELOC is a “Home equity line of credit” but what is the difference between that and a “Home Equity Loan”?

what happens if you foreclose and you have a home equity loan on the property?

emeral123 asked: what could happen to you if you foreclose on a property and have a heloc on the property. it is in arizona, would i owe the money still to the home equity loan company,