http://blog.jdlphotovideo.com/2008/06/18/jp-morgan-chase-nyse-jpm-avm-appraisal-home-equity-line-of-credit-heloc-freeze/ Sat, 31 Jul 2010 18:46:01 +0000 http://wordpress.org/?v=2.2.1 http://blog.jdlphotovideo.com/2008/06/18/jp-morgan-chase-nyse-jpm-avm-appraisal-home-equity-line-of-credit-heloc-freeze/#comment-151 Tom Barnes Wed, 08 Oct 2008 18:36:30 +0000 http://blog.jdlphotovideo.com/2008/06/18/jp-morgan-chase-nyse-jpm-avm-appraisal-home-equity-line-of-credit-heloc-freeze/#comment-151 Well... my equity line is not with JP Morgan Chase -instead it is with National City and I just got the letter stating the same issue. They actually came up with a home value of over 40% lower. Now I know for a fact that the home value has not decreased that much... 10-15%? sure.. I'll accept that but over 40%? Complete and utter bullshit. My only recourse - pay for their appraiser... like I'm going to pay for "their"appraiser.... wonder who is lining his friggin' pocket?? I guess the 700B bailout will ease all of these institutions minds eh? I did come up with one possible positive affect.... I should now be able to go back and use this "so called new valuation" of my home and use it for my property tax assessment.... I may not be able to borrow against this equity line but I'll sure as hell demand that I pay 40% less in my property taxes!! Of course, the real sad part is that the ignore and malcontent of these financial institutions will have a trickle effect on city and local governments.... If more people ended doing what I am proposing on my property taxes then the local governments will be hurting... oh well... I'm not going to feel bad or take any blame... Nice post though... thanks... Well… my equity line is not with JP Morgan Chase -instead it is with National City and I just got the letter stating the same issue. They actually came up with a home value of over 40% lower. Now I know for a fact that the home value has not decreased that much… 10-15%? sure.. I’ll accept that but over 40%? Complete and utter bullshit. My only recourse - pay for their appraiser… like I’m going to pay for “their”appraiser…. wonder who is lining his friggin’ pocket?? I guess the 700B bailout will ease all of these institutions minds eh?
I did come up with one possible positive affect…. I should now be able to go back and use this “so called new valuation” of my home and use it for my property tax assessment…. I may not be able to borrow against this equity line but I’ll sure as hell demand that I pay 40% less in my property taxes!! Of course, the real sad part is that the ignore and malcontent of these financial institutions will have a trickle effect on city and local governments…. If more people ended doing what I am proposing on my property taxes then the local governments will be hurting… oh well… I’m not going to feel bad or take any blame…
Nice post though… thanks…

]]> http://blog.jdlphotovideo.com/2008/06/18/jp-morgan-chase-nyse-jpm-avm-appraisal-home-equity-line-of-credit-heloc-freeze/#comment-33 Linda Mon, 23 Jun 2008 13:42:10 +0000 http://blog.jdlphotovideo.com/2008/06/18/jp-morgan-chase-nyse-jpm-avm-appraisal-home-equity-line-of-credit-heloc-freeze/#comment-33 Additionally, when companies buy companies that have huge losses, those losses can be written off over years to reduce taxes. You can generally count on these kinds of transactions being financial windfalls to the purchaser. Additionally, when companies buy companies that have huge losses, those losses can be written off over years to reduce taxes. You can generally count on these kinds of transactions being financial windfalls to the purchaser.

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