InnoVest Resource Management's Foreclosure Forum

Home Discussion Board "Hands-On" Training Title Holding Trust Speaking Schedule Store Foreclosure Fundamentals Code References 50 State Foreclosure Basics Foreclosure Glossary Foreclosure Statistics 70+ Yrs Interest Rates Fillable Forms Archived Articles Dingbat Retirement Plan Links Contact / Map About Us Home

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Got the same letter from BofA. I already pulled the money. Seems industry wide. (nt) Posted by JK (the other JK) on April 04, 2008 at 4:49 PM In Reply to: 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: 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

Information provided by this website is for informational purposes only and is not a substitute for professional advice. Please consult your investment advisor and/or attorney before entering into any transaction. Read our privacy policy.

Copyright © 1997-2008, InnoVest Resource Management
http://www.foreclosureforum.com

InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455