Word just in from one of our friends, Scott Todd - a local Realtor in Fort Lauderdale, FL that could affect many of our friends and family. It seems not only are the banks and mortgage companies making it harder to get new loans, but they have started taking back access to equity lines they have already granted in light of declining property values.
We have stated in previous articles and blog posts that lenders reserve the right to freeze a line of credit on property that has been...
More about: Is your lender about to freeze your credit line?