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In March, BOA closed my HELOC on my primary home. Same explanation, they said the value of my hme dropped by 15% in nice area of Atlanta between 2007 and 2008. I fought them, and they still said no. Today, they shut down my HELOC of my florida property. I JUST refinanced with them in APRIL and now, 5 weeks later, they said that the value dropped by 16% or 40K. As soon as this credit crunch is over, I will refi everything and fire them and dump their checking account that I have with them. Never late, alwasy paid more than the minimum, 785 credit rating, and this is how they treat their customers??? Now my Credit rating will be zapped down to the low 700's or upper 600's if i am LUCKY.
By TJ
