Earlier in the decade, I was writing about the way home equity lines of credit had turned the home into a glorified ATM. What a different story it is for many people today, when their home has virtually become a prison. There are thousands of homeowners across the country who would like to move but can’t because they owe substantially more on their home than the house is worth. The situation, however, may be an opportunity for creative lenders.
Consider the person who bought a $300 . . .
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