Real estate blog entries tagged with heloc freezes home equity lines of credit realtor georgia gwinnett lawrenceville short sales by Eric Reid (Renaissance Realty Group )

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Home : Blogs : Eric Reid : Georgia Real Estate : Tag "heloc freezes home equity lines of credit realtor georgia gwinnett lawrenceville short sales"

heloc freezes home equity lines of credit realtor georgia gwinnett lawrenceville short sales: Heloc Freezes What does it mean to you - 02/25/08 07:19 AM

Heloc Freezes What does it mean to you
Millions of Americans Waking Up To The Reality
That Their Homes Have Lost Value.
Major mortgage lenders have been mailing letters to home
Owners telling them that their Home Equity Lines Of Credit (HELOC) have been shut down.
Lenders have been quietly accessing and reappraising home values. Lenders are now exercising their rights to ‘shut off' or in some cases terminate existing HELOCs. They do this when they believe that the property has lost value. This is happening across the country to borrowers with stellar credit as well as those will troubled credit. … (21 comments)

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Eric Reid

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