Clock is ticking on all the lines of credit written during the housing bubble
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Clock is ticking on all the lines of credit written during the housing bubble

Chicago : IL : USA | Jul 16, 2012 at 2:24 PM PDT
Source: Chicago Tribune
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All of those home equity lines of credit people took out during the housing bubble are coming due...Over that time, borrowers are only required to pay the monthly interest on the outstanding balance. But when the draw period ends, homeowners can no longer borrow against the line of credit and must start... FULL ARTICLE AT Chicago Tribune
 
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