Trouble ahead: Tidal wave of HELOC resets about to hit

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Trouble ahead: Tidal wave of HELOC resets about to hit

Trouble ahead: Tidal wave of HELOC resets about to hit

This never ending nightmare is far from over!


Housing Wire-

Home equity lines of credit taken during big housing bubble just before the crash may hit the millions of homeowners with home equity lines of credit with a dramatic spike in their payments.

This comes at a time when even economic bulls are seeing a systemic weakness in the economy.

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

 [HOUSING WIRE]

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