Comments on: The Home-Equity Door Slams Shut http://loanworkout.org/2008/07/the-home-equity-door-slams-shut/ Loan Modification & Home Loan News Fri, 20 Nov 2009 12:55:43 -0700 http://wordpress.org/?v=2.8.6 hourly 1 By: c in cerritos http://loanworkout.org/2008/07/the-home-equity-door-slams-shut/#comment-13249 c in cerritos Sun, 22 Mar 2009 20:07:02 +0000 http://loanworkout.org/?p=608#comment-13249 I guess I should be grateful that I never had a HELOC. When we purchased this house in 1999, we had about $50K equity. By 2005, we had nearly $500K equity. Now, in 2009, we're on the verge of being upside down. ack. I guess I should be grateful that I never had a HELOC.

When we purchased this house in 1999, we had about $50K equity. By 2005, we had nearly $500K equity. Now, in 2009, we’re on the verge of being upside down.

ack.

]]> By: Carrie http://loanworkout.org/2008/07/the-home-equity-door-slams-shut/#comment-11660 Carrie Mon, 07 Jul 2008 13:02:24 +0000 http://loanworkout.org/?p=608#comment-11660 I received this letter from CountryWide a few months ago & when you call and when I called and asked why they told me it was because the value of the home has declined. I received this letter from CountryWide a few months ago & when you call and when I called and asked why they told me it was because the value of the home has declined.

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