Posts Tagged ‘redemption’
What is equity stripping?
Equity stripping is a type of predatory lending brought on by the housing “boom.” As housing prices skyrocket, many homeowners don’t realize they are living in a goldmine. At the same time, property taxes are skyrocketing, forcing many homeowners into default. Those living on fixed incomes are particularly vulnerable.
This combination means unscrupulous individuals have a [...]
