Equity Lines being Frozen
By David A. Podgursky, MBA • Mar 27th, 2008 • Category: Florida Info, Residential, South Florida InfoIf you are a homeowner with a Home Equity Line (HELOC) in Florida you surely know that Bank of America and other banks are freezing or shrinking your available funds.
In a response to the market drop and shareholder pressure, Banks have decided that the need to keep a handle on the extra debt that they [...]
