My HELOC was just yanked.

[Wickedheart]

I just gotta wonder what all this HELOC reduction/freezing is gonna do to housing. How many people had been subsidizing themselves with this kinda money?

I guess some folks are just going to have to go back to stealing to support their drug habits.

http://tinyurl.com/2xvg9d

Sales History
01/14/2008: $381,660
10/14/1985: $101,500

I’m guessing the last time it was cleaned was 1985.

[Coronita]

Hey, the good news was that in order to finance my digital camera purchase, Schwab was still willing to give me a Heloc 🙂

 This sort of sucks. I was going to open a heloc to be an emergency fund to back another emergency fund. I guess, I'll just have 1 tier of emergency fund now.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Hey, the good news was that in order to finance my digital camera purchase, Schwab was still willing to give me a Heloc 🙂

 This sort of sucks. I was going to open a heloc to be an emergency fund to back another emergency fund. I guess, I'll just have 1 tier of emergency fund now.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Hey, the good news was that in order to finance my digital camera purchase, Schwab was still willing to give me a Heloc 🙂

 This sort of sucks. I was going to open a heloc to be an emergency fund to back another emergency fund. I guess, I'll just have 1 tier of emergency fund now.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Hey, the good news was that in order to finance my digital camera purchase, Schwab was still willing to give me a Heloc 🙂

 This sort of sucks. I was going to open a heloc to be an emergency fund to back another emergency fund. I guess, I'll just have 1 tier of emergency fund now.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Hey, the good news was that in order to finance my digital camera purchase, Schwab was still willing to give me a Heloc 🙂

 This sort of sucks. I was going to open a heloc to be an emergency fund to back another emergency fund. I guess, I'll just have 1 tier of emergency fund now.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[contraman]

Bob,

I had a well known freelance writer contact me today to discuss HELOC freezes for an article she is working on……..
(I am a mortgage broker). She is looking for people like yourself who have been the recipient of this action by the banks.

Would you be willing to speak with her about your experience anonymously?

Sincerely, Contraman

[contraman]

Bob,

I had a well known freelance writer contact me today to discuss HELOC freezes for an article she is working on……..
(I am a mortgage broker). She is looking for people like yourself who have been the recipient of this action by the banks.

Would you be willing to speak with her about your experience anonymously?

Sincerely, Contraman

[contraman]

Bob,

I had a well known freelance writer contact me today to discuss HELOC freezes for an article she is working on……..
(I am a mortgage broker). She is looking for people like yourself who have been the recipient of this action by the banks.

Would you be willing to speak with her about your experience anonymously?

Sincerely, Contraman

[contraman]

Bob,

I had a well known freelance writer contact me today to discuss HELOC freezes for an article she is working on……..
(I am a mortgage broker). She is looking for people like yourself who have been the recipient of this action by the banks.

Would you be willing to speak with her about your experience anonymously?

Sincerely, Contraman

[contraman]

Bob,

I had a well known freelance writer contact me today to discuss HELOC freezes for an article she is working on……..
(I am a mortgage broker). She is looking for people like yourself who have been the recipient of this action by the banks.

Would you be willing to speak with her about your experience anonymously?

Sincerely, Contraman

[kewp]

I just gotta wonder what all this HELOC reduction/freezing is gonna do to housing.

Dude, think of what its going to do to discretionary spending.

The problem is so many people believed the “RE never goes down” mantra that they thought there was little risk in splurging via a HELOC. Worst case is you have to sell the house, right? Think whats going to happen when folks realize they have to pay all that money back.

Or they lose their job.

[kewp]

I just gotta wonder what all this HELOC reduction/freezing is gonna do to housing.

Dude, think of what its going to do to discretionary spending.

The problem is so many people believed the “RE never goes down” mantra that they thought there was little risk in splurging via a HELOC. Worst case is you have to sell the house, right? Think whats going to happen when folks realize they have to pay all that money back.

Or they lose their job.

[kewp]

I just gotta wonder what all this HELOC reduction/freezing is gonna do to housing.

Dude, think of what its going to do to discretionary spending.

The problem is so many people believed the “RE never goes down” mantra that they thought there was little risk in splurging via a HELOC. Worst case is you have to sell the house, right? Think whats going to happen when folks realize they have to pay all that money back.

Or they lose their job.

[kewp]

I just gotta wonder what all this HELOC reduction/freezing is gonna do to housing.

Dude, think of what its going to do to discretionary spending.

The problem is so many people believed the “RE never goes down” mantra that they thought there was little risk in splurging via a HELOC. Worst case is you have to sell the house, right? Think whats going to happen when folks realize they have to pay all that money back.

Or they lose their job.

[Author]

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