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Overcoming the ATM Mentality of Home Equity

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This weekend the OC Register had dramatic photos some folks in the subprime lending industry packing up their personal effects and leaving their offices. Of course this was closely followed by a discussion about how foreclosures have increased here in Orange County. By comparison, foreclosures here are typically statistically lower than when compared to statewide or even nationwide numbers.

The real question I have is, What is the OCRegister doing to educate consumers not to treat their home equity as an ATM? What is the OCRegister doing to educate us instead of just placing blame on these lenders who are out of jobs?

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2007 Average Sales Price: 2.25 Million