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Non-Tech : Cityscape Financial (CTYS)
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To: Brooks Jackson who wrote (880)10/12/1997 6:14:00 PM
From: Rational   of 2544
 
"If CTYS is telling borrowers they can automatically deduct all of a 125% LTV loan, I think they are wrong and that some borrowers will run into trouble."

I do not think any home equity lender tells their borrowers what to deduct and what not to. They advise you consult your tax adviser. I know these IRS limits very well.

You may like to direct your question to CTYS on how they handle their delinquencies and share your answer with all here. They are generally good in dealing with investors.
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