Saturday, November 13, 2010

AOL gives advice on home equity loans in difficult market; also homeowners insurance

AOL had an informative article today on how homeowners, especially retirees, can handle the home equity loan problems associated with decreasing home values. Of course, an upsidedown home could not get one, but lenders are increasingly worried about the uncertainty of future values of homes, especially in neighborhoods that have had other foreclosures. The link was here.

Likewise, AOL and MSN have recently reported that insurers are increasingly concerned about lowering values, not only of homes themselves but of surrounding neighborhoods. The MSN article (10 things to watch) from Friday is here.  (No, this article didn't mention social media.)

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