Defaulting HELOCs: A growing concern

delinquentREALTORMag

In 2004, millions of home owners tapped into the equity of their homes through home equity lines of credit. Their 10-year grace periods are now done and they’ve had to start paying. And that’s why HELOC delinquencies are now suddenly soaring.

In March, second-lien HELOC delinquencies – those behind a mortgage on a property — climbed 87 percent compared to a year ago, Black Knight Financial Services’ reports.

Continued:

 

Share this!

Additional Articles

A $300 million hole

By Arizona Agenda While Arizona’s GOP lawmakers inch toward sending a budget proposal to Gov. Katie Hobbs in the next two weeks, there’s at least

Read More »
News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.