When home values evaporate – more homeowners take a hit
Are you a homeowner who thought you had escaped the mortgage meltdown because you’ve lived in your home long enough and paid down enough of the mortgage over the years to build up a nice nest egg?
You’d better double-check that situation, even if your home equity line was set up in good times.
Detroit Free Press has this story that explains the situation: Credit crisis may leave you cut off.
Posted: February 18th, 2008 under Foreclosure, In the News.
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