Get ready. There's more trouble ahead for home buyers, home builders, and especially homeowners who took out home-equity lines of credit before the housing crisis. Those heydays have turned into haymakers.
What's already started to happen might not only knock out the
formerly aspiring but now petering-out housing recovery, but also might
knock the already weak economy to the ground.
Back in the good old days, when banks and mortgage shops were
selling mortgage money and home-equity credit lines like carnival
barkers wowing crowds into the big top, millions of homeowners stepped
That circus tent was nothing but a trap, however. And now I'm going
to tell you what that trap means for those borrowers... and the rest of
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