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Articles Posted in Home Equity Lines of Credit

Florida Homeowners and Investors Bracing for Next Huge Wave of Mortgage Foreclosures
The Law Office of Neustein Law Group

December 17, 2014

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Over $200 Billion in home equity lines of credit (second mortgages also known as HELOC’s) will be “celebrating” their ten-year anniversary over the next 4 years. This represents approximately 40% of all outstanding HELOC loans. These loans are problematic because most of them will require the borrowers to start paying down the principal on the…

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