Here it Comes (Again): Home Equity Lines (and Interest Only Firsts) Due for Reset May be Looming Financial Disaster

(Before It's News)

“If you are underwater on your mortgage — more than 1 out of 7 owners continues to owe more on the mortgage than the home is worth, according to realty data firm CoreLogic — and you can’t afford the reset payment, the bank may not foreclose on you because there’s no equity to recover. But … Read more

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