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Home equity lending may be next victim of mortgage meltdown
Posted By katie allison granju
There’s an interesting piece in Business Week about the new crisis in home equity lending.
I assume that since Knoxville home prices didn’t shoot up in the same way other areas of the country did in recent years, we won’t be hit as hard. However, there do seem to be some areas of town where prices really took off (relative to the rest of the local market) in the past five years. This may be more of a problem for homeowners living in those neighborhoods.
Jan 17th, 2008

