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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: FYI: Countrywide & Chase have frozen HELOC balances! Posted by jmac on April 04, 2008 at 4:55 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. Heard from a few people that BofA is limiting/closing HELOC draws also. jmac www.TheHardMoneyPros.com Follow Ups: 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. : Heard from a few people that BofA is limiting/closing HELOC draws also. : jmac : www.TheHardMoneyPros.com [ 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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