The Boston Sunday Globe’s Magazine asks this question:
As property values soared, we got hooked on the idea of using our house as a bank, pulling out blocks of equity to pay for renovations, vacations, and more. Now, will the softer real estate market cost some of us our homes, our shirts, even our retirement?
For many Massachusetts homeowners, the short answer is yes.
Related posts:
- Refinance Reality Check
- Honesty and Bankruptcy, Part III: The Reality Check and the Boy Scout
- Homestead Update: Domicile v. Residence
- Upside Down
- Short Sales & Foreclosure: Perception & Reality
Tags: Bankruptcy, Credit and Debt, Economy, Mortgages and Foreclosures
