[Fredslist] Response ...... Home Equity Line of Credit - Very Important Update

[Heidi Simon]

This just happened to me!

 

II received a letter from Chase last week stating that my line of credit was
lowered due to a decrease in property value.

My new line from my HELOC now reflects nearly 40% less than was available to
me before. 

 

Listen to Gurmeet. 

 

Heidi

 

 

 

Best regards,

 

Heidi Simon

XpressCash Services

Hoboken, NJ 07030

Tel: 201-647-0142

Fax: 707-281-1723

 

Merchant Services Including all major Credit & Debit Cards, Check Guarantee,
ACH & Remote Deposit, Gift & Loyalty Programs, Cash Advance & ATMs

  _____  

From: fredslist-bounces at gothamnetworking.com
[mailto:fredslist-bounces at gothamnetworking.com] On Behalf Of Gurmeet Sodhi
Sent: Thursday, May 22, 2008 11:40 AM
To: fredslist at gothamnetworking.com
Subject: [Fredslist] Home Equity Line of Credit - Very Important Update

 

Hello Fellow Gotham Members:

 

 

Just an FYI on the Home Equity markets.

 

If you have a Home Equity Line of Credit (which you may have kept for any
upcoming projects or rainy day) with a bank and you have not used the funds,
try to withdraw it because banks are now cancelling all unused lines of
credit.  Main reason for this action:

 

-Property values are depreciating

 

Several banks have already exercised this option and more are to follow.
Should you have any questions, please feel free to contact me.

 

 

Good Luck.

 

 

PLEASE NOTE OUR NEW EMAIL AND MAILING ADDRESS

Gurmeet K. Sodhi

Executive Financing Group, LLC

100 W. Nicholai Street

Suite 201

Hicksville, New York 11801

Ph: 516-986-5491

Cell: 516-662-5215

Fx: 516-941-0799

gsodhi at executivefinancinggroup.com

"Act as if failure is impossible and

your success will be assured......"

 

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