Storm of HELOC Resets About to Hit

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April 14, 2015

According to HousingWire, millions of homeowners who took home equity lines of credit during the housing bubble just before the crash may be hit with a dramatic spike in their payments.

Numbers from RealtyTrac says that there are 3,262,036 HELOCs with an estimated total balance of $158 billion that originated during the housing price bubble between 2005 and 2008 that are still open and scheduled to reset between 2015 and 2018.

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