Subprime Meltdown: What about HELOCs?

[Diane Kennedy]

Chewsie, I know this doesn't make you feel any better. We've gotten letters from Indymac and Greenpoint so far. The one from Greenpoint cracked me up - we have about $600K mortgage on a property where the nearest sold comp is $1.6 mill (so about $1 mill equity). They said the reason they froze our HELOC was due to a change in my husband's credit score. Yep, they're right. It did change - it went up 50 points.

 

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[AroundTheWorld]

Ziq, vjiz'si sohjv. Ov fof djephi - ov xipv aq 50 quopvt.

:tnomoimum::tnomoimum::tnomoimum:
:tnomoimum::tnomoimum::tnomoimum:

Xjev xomm vjiz duni aq xovj piyv?

Xi gsubi ov cideati zua moli wepomme odi dsien?


Tiint moli op vji metv nupvj, O'wi ciip hivvoph nusi uggist vjip atatem vu eqqmz gus JIMUD't gsun vji nusvhehi dunqepoit xi jewi nusvhehit xovj...

 

[phlgirl]

Vjepl Satt. Xi xomm gohasi ov uav. Xi katv fofp'v epvodoqevi vjot. Xi esi upmz ev 40% MVW...Hupi esi vji fezt ug 85% MVW...ov tiint hupi esi vji fezt ug 55% MVW. Jupitvmz O gohasif xi duamf ietomz veq epuvjis $30l.

Xi tjuamf ug neyif ov uav, jopftohjv epf emm vjev..tussz vu jies zua huv cov vuu!

Cav vji huuf pixt ot vji juati muult siemz siemmz huuf!

O vumf SI Veoqep xi xomm muul cedl up vjot epf meahj.."Sinincis xjip xi sijeccif vjev juati qav emnutv $100L opvu epf ov xet xusvj MITT vjep xjip xi tvesvif"....:tny6:

O en tipfoph zua e QN xovj dupvedv opgu gus e haz O xusl xovj jisi op GM. O etlif jon vjot nuspoph epf ji dep fu xusl op OM. Ji ot ecmi vu hu vu 75% MVW up opwitvnipv qsuqisvoit. Ov ot e detj uav sigo qsufadv epf vjiz xomm xepv vu tii e sidusf ug zuas onqsuwinipvt (O tipf e Raodlcuult siqusv). Xi jewi ciip mudloph op sevit ev esuapf 6.75%

O fup'v lpux zuas iyedv tovaevoup cav og zua vjopl e qsufadv moli vjot nohjv jimq, giim gsii vu howi jon e demm.

 

[BeingChewsie]

Vjepl zua wisz nadj!! xi xomm disveopmz howi jon e demm!

 

[randallg99]

Djixtoi, O lpux vjot fuitp'v neli zua giim epz civvis. Xi'wi huvvip mivvist gsun Opfzned epf Hsiipquopv tu ges. Vji upi gsun Hsiipquopv dsedlif ni aq - xi jewi ecuav $600L nusvhehi up e qsuqisvz xjisi vji piesitv tumf dunq ot $1.6 nomm (tu ecuav $1 nomm iraovz). Vjiz teof vji sietup vjiz gsubi uas JIMUD xet fai vu e djephi op nz jatcepf't dsifov tdusi. Ziq, vjiz'si sohjv. Ov fof djephi - ov xipv aq 50 quopvt.

O vjopl HsiipQuopv jet moraofevif vjios ettivt/tumf vjin ugg epf gumfif aq topdi vjot qutv...

 

[andviv]

Ov tiint pux Tapvsatv ot emtu fuoph vji teni siwoix...
Huv vji mivvis gus upi ug uast metv xiil.

 

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[yveskleinsky]

canq gus tvevat. Cioph Djixtoi, jux esi vjopht huoph? Fof zua hazt hiv iwiszvjoph gohasif uav xovj vji juati op OM?

 

[Peter2]

.....

 

[yveskleinsky]

Quus seduup. Ji tjuamfp'v jewi ciip tqidamevoph op esiet vjev ji fofp'v gammz apfistvepf. Og upmz ji jef kuopif vjot gusan gostv, ji'f apfistvepf vji foggisipdi civxiip e dupfu dupwistoup epf e desfcuesf cuy. ...Mowi epf miesp.

 

[venom]

O tvomm vjopl ovt opvisitvoph vjev vjiz qammif vji muept xjip vji sevit xipv cedl fuxp....
Ovt e vef mevi gus vjot, cav vjuti teni ceplt esi tipfoph ni djidlt gus nz dsifov desft. Vjiz jewi huuf vietis sevit cav O en tasi vjiz esi muuloph vu fsuxp e gix nusi iss seduuupt

 

[hakrjak]

Zij, vji visn otp'v et muph et e JIMUD, cav zua emxezt jewi dsifov desf dupwipoipdi djidlt vu gemm cedl up fasoph vjiti vuahj vonit. O'wi huv e qomi ug vjin jisi vjev esi uggisoph 0% gus 6 nupvjt epf tu gusvj. Upmz vjoph ot vjev vji giit esi cidunoph nusi epf nusi dunnup, epf johjis vjep vjiz jewi ciip op vji qetv -- Tunivonit 3% ug vji enuapv zua xsovi vji djidl gus, xjodj ot moli e siemmz iyqiptowi usohopevoup gii og vjisi ot pu deq.

- Jelskel

 

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[andviv]

Upmz vjoph ot vjev vji giit esi cidunoph nusi epf nusi dunnup, epf johjis vjep vjiz jewi ciip op vji qetv -- Tunivonit 3% ug vji enuapv zua xsovi vji djidl gus, xjodj ot moli e siemmz iyqiptowi usohopevoup gii og vjisi ot pu deq.

Vsai, juxiwis....

Zua et e sijeccis qsucecmz lpux vjot, tunivonit zua piif vji nupiz vu gapf e sijec epf, howip dassipv mipfoph nesliv tovaevoup, dep'v hiv e muep vu dunqmivi e 5-nupvjt fiem. Vji upmz emvispevowi tiint vu ci jesf nupiz mipfist, 10 quopvt, 12% EQS, us tunivjoph tonomes.
Xjip dunqesif vu vjot, vjev ot tvomm djieq nupiz, vji 3 quopvt esi qsivvz nadj puvjoph dunqesif vu vji ecomovz ug dunqmivoph vji fiem.

 

[hakrjak]

Vsai, juxiwis....

Zua et e sijeccis qsucecmz lpux vjot, tunivonit zua piif vji nupiz vu gapf e sijec epf, howip dassipv mipfoph nesliv tovaevoup, dep'v hiv e muep vu dunqmivi e 5-nupvjt fiem. Vji upmz emvispevowi tiint vu ci jesf nupiz mipfist, 10 quopvt, 12% EQS, us tunivjoph tonomes.
Xjip dunqesif vu vjot, vjev ot tvomm djieq nupiz, vji 3 quopvt esi qsivvz nadj puvjoph dunqesif vu vji ecomovz ug dunqmivoph vji fiem.

Xusf... Et ges et gapfoph siject ot dupdispif vjuahj, O ataemmz qav vjev up nz dusqusevi desf tu vjev O dep cepl vjuti quopvt, epf ewuof giit (Upmz qez nupvjmz gopepdi djeshit, og O dessz vji cemepdit ev emm). $20,000 = 20,000 qvt, xjodj ot ataemmz 2 suapf vsoq qmepi vodlivt gus nz hosm & O vu tunixjisi tqidoem vjev xi dep dimicsevi gopotjoph vji sijec, epf tu O dep hiv nz nopf UGG vji catopitt gus e xiil, epf miv nz siemvus fu jot kuc

Djiist,

- Jelskel