For the past several years, Ohio has held one of the highest foreclosure rates in the country. Now the problem, once mostly restricted to urban areas, seems to be spreading into suburban neighborhoods.
Until recently, rising home prices and easy credit made it convenient for small business owners to tap their home equity to meet their financing needs. But, with the housing market now in a slump and stricter credit requirements some people are looking at the 401K loan as an alternative source for cash.