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Tapping equity brings pitfalls
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08-14-2007, 02:06 PM
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I-Hate-Hulse
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Join Date: Jul 2003
Location: Sector 7-G
Exp:
Don't these HELOC's come with some sort of a "Cash Call" provision, that if the market value of the house drops below the amount of the line balance that you need to buck up and pay up?
Man, that'll be ugly here if that's the case.
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