In the midst of the largest mortgage crisis the US has ever seen, some lenders are now pulling in the reins on Home Equity Lines of Credit (HELOC). Many lenders are not offering HELOC's at all anymore and are freezing the ones borrowers have already obtained in an effort to prevent borrowers from using more than what their property value can hold.
With all the homes on the market that are bank-owned and need some TLC, or are homes that have had long time home owners (empy nesters) in need of some updates, there are many great buying opportunities out there! Do to recent requests, I have started sending out weekly or bi-weekly e-mails containing some of the properties I've found that offer great opportunity! If you'd like to be added to the list, let me know!