JES
Unfortunately that is impossible to determine. Many of the home equity loans are HELOCS and there is no way of knowing what has been drawn on them. While some have drawn on them, some havent. For example, I and many friends/clients(on my recommendation) opened the biggest HELOCS we could get on our homes about 18 months ago w/o any need or plans to draw on them but simply as a free safety net for the future. If you check the tax records on my house there is a HELOC of about $400,000. What you dont see is my monthly statement with no balance.
