Real estate blog entries tagged with helocs by Matt Heaton (Timu Corp - CEO, ActiveRain

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Home : Blogs : Matt Heaton : The ActiveRain Addiction (Matt Heaton) : Tag "helocs"

helocs: HELOC lock downs become more extensive - 02/02/08 01:56 AM

A little over a month ago I wrote about a certain lender (WaMu) starting to lock down the HELOCs of their customers, preventing them from tapping them further. Today the LA Times had a good article on this subject and the fact these lock downs are starting to become much more extensive.
Tens of thousands of homeowners with home equity lines of credit are getting a rude surprise: They've been told by their lender that they can no longer take money out on their credit lines because sinking home prices have left them with little or no equity.Among the lenders taking such … (14 comments)

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Matt Heaton

Bothell, WA

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Timu Corp - CEO, ActiveRain - Co-founder

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