3.3 Million HELOC's getting ready to reset

[Rob Jones]

I was reading this article this morning and thought I'd share it with the subject matter experts on the forums. It looks like about 3.3 million HELOC's will be resetting to fully amortizing loans over the next couple of years, more than half of which are on underwater homes. I'd love to hear everyone's thoughts on the micro and macro impact of this! http://realestateinvestingtoday.com/3-3-million-helocs-scheduled-reset/