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Home Equity Financing - Home Equity Spree Turns Into Billions in Debt
Author: G Mundy - Thirty years ago, home equity was just a quiet wealth accumulation device, humming in the background and adding a little something to the nest egg every year. But about twelve years ago, the California home appreciation phenomenon started to appear in other areas of the country and home equity financing became a mainstream option. In 2001, it really took off.