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When A Homeownership Dream Becomes A Nightmare

By now, you’re all familiar with this story. It’s the one about how too many of us treated our homes like cash machines for too many years. We used home equity lines of credit to finance seemingly opulent lifestyles in our pursuit to one-up friends and neighbors. When the housing bubble eventually burst and property values plummeted, it sucked the air out of our inflated standard of living but not the ballooning debt that came along with it.

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