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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] FYI: Countrywide & Chase have frozen HELOC balances! Posted by Jerry - Ca. on April 04, 2008 at 2:33 PM Got a letter Monday from Countrywide saying that my available HELOC funds had been suspended effective immediately. A friend of mine got this same type of letter from Chase! The lenders are saying it's because of the drop in value of the underlying property securing the loans. If you have funds availabe and intend to use them ... draw your money out fast, before they're taken away! Jerry - Ca. Follow Ups: Re: FYI: Countrywide & Chase have frozen HELOC balances! hard money lender 8:50 PM, 04/05/08 (2) Re: FYI: Countrywide & Chase have frozen HELOC balances! Jerry - Ca. 11:35 AM, 04/06/08 (1) Re: FYI: Countrywide & Chase have frozen HELOC balances! hard money lender 5:46 PM, 04/06/08 (0) Re: FYI: Countrywide & Chase have frozen HELOC balances! KSJ 5:17 PM, 04/05/08 (0) Re: FYI: Countrywide & Chase have frozen HELOC balances! jmac 4:55 PM, 04/04/08 (0) Got the same letter from BofA. I already pulled the money. Seems industry wide. (nt) JK (the other JK) 4:49 PM, 04/04/08 (3) Re: Got the same letter from BofA. I already pulled the money. Seems industry wide. (nt) david 10:18 PM, 04/06/08 (2) Re: Got the same letter from BofA. I already pulled the money. Seems industry wide. (nt) JK (the other JK) 2:39 PM, 04/07/08 (1) Re: Got the same letter from BofA. I already pulled the money. Seems industry wide. (nt) david 4:11 PM, 04/07/08 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Got a letter Monday from Countrywide saying that my available HELOC funds had been suspended effective immediately. A friend of mine got this same type of letter from Chase! : The lenders are saying it's because of the drop in value of the underlying property securing the loans. : If you have funds availabe and intend to use them ... draw your money out fast, before they're taken away! : Jerry - Ca. [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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