Storm of HELOC Resets About to Hit

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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