Joyce's Blog

Amazing what is happening in the mortgage industry when yesterday I received a notice from Countrywide freezing/cancelling my Home Equity Line of Credit due to "declining market".  I though it was funny and laughed.  But after a good night's rest, it concerns me.  If they cancel my line which is ...

The lawsuit article in Star Tribune today http://www.startribune.com/local/14167031.html alleges CitiMortgage used "negligent and improvident lendig practices" to finance the purchase last March.  The neighborhood wants to buy the house for a redevelopment project but said it can't get a response...

My client has 4,000 SF ranch style, 4 bedroom, 2 1/4 bath, 4 car garage, pool, woods to back yard.  No master bath.  To buy what they want would be more money, double the real estate tax and $350/month in association dues.  Problem: current house is already top value in neighborhood.Remodel optio...