SANDY FLORES BROKER

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International Real Estate Contributor @TELEVISAUNIVISION KMEX 34  Los Angeles, El Gordo y La Flaca, Santa Ana College  Instructor

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Contributor @TELEVISAUNIVISION KMEX 34
Los Angeles, El Gordo y La Flaca, Santa Ana College

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A total of 3,262,036 HELOCs with an estimated total balance of $158 billion that originated during the housing price bubble between 2005 and 2008 are still open and scheduled to reset between 2015 and 2018.

Realty Trac the nation’s leading source for comprehensive housing data, today released its first-ever U.S. HELOC Resetting Report, which found that 56 percent of the 3.3 million Home Equity Lines of Credit potentially resetting with higher, fully amortizing monthly payments from 2015 to 2018 are on properties that are seriously underwater.

With 645,872 HELOCs, California led the way among the states in terms of sheer volume of resetting HELOCs. A total of 423,706 (66 percent) of those resetting HELOCs in California are on homes that still seriously underwater

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 Sandra M. Flores  CA. DRE Lic. # 01122114 - NMLS Lic. #324482     
Broker Officer at J.C. & S.M. INC. DBA. Real Estate On Demand & Home Loans On Demand  Licensed by the California Department of Real Estate
Lic. # 01520569 NMLS # 235895

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