I just don't know what to feel.....
Find a Conversation
I just don't know what to feel.....
| Fri, 03-13-2009 - 4:20pm |
I just went to pay our Home Equity Line of Credit (which we've been living off of since dh isn't getting paid) and found out that the bank took half of our loan away. That leaves us $2000. WTF!!! We've been paying on time, we had $50,000 left in the line. We were counting on that to help us live until dh can find a new job. Now we have NOTHING!!! We have $600 in the bank and that's it! Guess we're eating what's in the freezer for the next few weeks.
Their explanation was that the reassessed the house and the value went down $50,000 so they took that out of the loan.

Pages
I am sorry to hear that, after everything you guys have already been through.
Thank you! Dh spoke to someone at the bank and apparently they did an "electronic appraisal". The guy also told him a letter went out today notifying all line of credit holders that they had done this. Dh has some money a few thousand dollars in a retirement account but that will take at least a week to get here.
To add to this, my cousin called today and I volunteered to pick her brother (also my cousin) up at the airport on Sunday to drive him to Madison (2 hrs) because the flight to Chicago was so much cheaper. These are my dying aunts two children. So Sunday is going to be a downright depressing day as well....
This is almost enough to make me believe in Friday the 13th.....
I'd almost want to challenge and have them do a real appraisal, but you don't know if that will come to bite you in the a$$.
Wow.
I'm sorry things are so tight right now.
I know it seems really difficult with the loan, but to not make this adjustment would leave you in an even more
Grace, Speed & Power....Girls Lacrosse
Oh, that's got to be so frustrating.
Of course, you can't really even afford legal help to get what you deserve right now
Pages