Equity stripping

Equity stripping, also known as equity skimming, is a type of foreclosure rescue scheme. Often considered a form of predatory lending, equity stripping became increasingly widespread in the early 2000s.

Source: Wikipedia — Equity stripping (CC BY-SA 4.0)

Equity stripping

Equity stripping, also known as equity skimming, is a type of foreclosure rescue scheme. Often considered a form of predatory lending, equity stripping became increasingly widespread in the early 2000s.

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Source: Wikipedia "Equity stripping" · CC BY-SA 4.0

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