Successfully Managing Home Equity To Increase Liquidity, Safety And Rate Of Return

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When oil prices fell to all-time lows as early 1980s, Houston was hit diligently. Thousands of workers were laid off and made to sell their houses. With a glut of homes on the market, prices plummeted. Unfortunately, with plenty of sellers and too few buyers, 16,000 homes were foreclosed. Did these families suddenly become bad the public? No, they just couldn’t pay their mortgages. Previously, many top people had made extra principal a monthly payment. But they couldn’t coast on those extra payments and therefore many many houses for sale, some people literally needed to walk from your their properties. The equity these people had worked so difficult to build up was completely lost. They learned starting way that home equity is not ever as safe as they once concluded.

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