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Home-equity "protection" plans require careful scrutiny, says real estate attorney Tyler Kraemer. Amid plunging home values, companies such as Equity Lock Financial and Lighthouse Group are offering or protect home owner against losses of equity if the market drops by the time they sell their homes. Watch out for lockout periods, which bar payments before a set time, typically one to three ears. If you plan to stay in the house for 10 years or more, such a plan may not make sense, because home prices tend to increase.