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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: FYI: Countrywide & Chase have frozen HELOC balances! Posted by KSJ on April 05, 2008 at 5:17 PM In Reply to: FYI: Countrywide & Chase have frozen HELOC balances! posted by Jerry - Ca. on April 04, 2008 at 2:33 PM Ditto for Washington Mutual. I had a $60,000 line of credit reduced to $21,000 because WM alleged my property has dropped that much in value. I phoned WM to inform them that they need to record a modification of the Trust Deed to show the new true loan amount. They said they would comply within 2 weeks. They must comply because of state and federal law. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : Ditto for Washington Mutual. I had a $60,000 line of credit reduced to $21,000 because WM alleged my property has dropped that much in value. I phoned WM to inform them that they need to record a modification of the Trust Deed to show the new true loan amount. They said they would comply within 2 weeks. They must comply because of state and federal law. [ 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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