Thursday, October 23, 2014

Real Estate Loan: People with second mortgages and HELOC faced tough times

HELOC abusers and lenders face day of recast reckoning Home equity lines of credit (HELOCs) were the favored tools of Ponzis during the housing bubble. These were used like a credit card with an ever-expanding credit balance that didn’t need to be paid back because the house was paying for it. M...
People with second mortgages and HELOC faced tough times




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