Thursday, February 23, 2006

Avoiding Home Equity Scams

Avoiding Home Equity Scams: "You could lose your home and your money if you borrow from unscrupulous lenders who offer you a high-cost loan based on the equity you have in your home. Certain lenders target homeowners who are elderly or who have low incomes or credit problems-and then try to take advantage of them by using deceptive practices. The Federal Trade Commission cautions all homeowners to be on the lookout for Equity Stripping"

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