Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : A to Z Junior Mining Research Site -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (3517)	3/1/2003 2:53:45 PM
From: crdesign	Read Replies (2) \| Respond to of 5423

"NEGATIVE HOME EQUITY WILL BE A MAJOR STORY IN 2004 OR 05" Already happening Jimbo. My bank Manager is seeking to pump his sales up for the 1/4. He wants to re-up my Home equity line with a super low teaser rate for 6 months. I told him if it helps his sales # go right ahead but I don't want to extend my line-O-credit. I was talking to the bank mgr. @ 7am this morning in our local WAWA. He said something weird happened which he needs to fix in order for my loan to go thru. The house appraisal came back @ $190k Last years same app was $360k. He's certain that there is an error. I smirked at him and said I don't care if it did indeed drop, I know what the property is really worth (about $235k), I don't need to re-up the Line I was simply trying to help him; I've been warning him about the dismal financial info I discover on the 'web.'for months now and he scoffed at me. He considers me a friend but a kooky one. Who doesn't?<gg> That 360K is total BS, thank God I only owe about 1/3rd of that which I borrowed to purchase a rental property. These US banks are effed if people have indeed maxed out their credit to buy cars and toys at those BS appraisal amounts. It's all falling to bits.....Furiously! Sid Vicious, PIL

To: Jim Willie CB who wrote (3517)	3/1/2003 10:26:18 PM
From: Ironyman	Read Replies (1) \| Respond to of 5423

Jim,,,Have you read what Roger Arnold has to say about the commercials buying up the treasuries. Eric