Despite getting all the tax money, banks are take away HELOC when a borrower loses his job or when a small business owner hits a snag in her business.
This done even when the borrower had always paid on time and there is equity in the home.
http://www.blogcatalog.com/blog/heloc-basics/875b2b9fa52a7c45fbf795b264cc5ad3
http://www.google.com/search?hl=en&...=&as_occt=any&cr=&as_nlo=&as_nhi=&safe=images
This done even when the borrower had always paid on time and there is equity in the home.
http://www.blogcatalog.com/blog/heloc-basics/875b2b9fa52a7c45fbf795b264cc5ad3
http://www.google.com/search?hl=en&...=&as_occt=any&cr=&as_nlo=&as_nhi=&safe=images