>From a lender's perspective, however, there
>  is some increased risk based on lien position and whether there is real
>  collateral value in the house. An appraisal is not generally cost
>  effective to perform, so lenders have to rely on data that tells them
>  values in a given neighborhood are stable or have increased. Why the
>  equity line of credit is not used even more than it is has much to do
>  consumer education and the entrenched nature of credit card use.

I'm curious- is the only way to get money back from a failed or delinquent
home equity loan by selling the home?


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