Chase Home Equity Line Of Credit / watch out - they do nasty things!!
Be aware if you're dealing with Chase line of credit on your home equity account. To make a long story short, if you want them re-instate your original equity line, you will ask you to submit an appresial report -at your own expense-. If the reported value comes a $1 short of the original price set from the agreement, you won't re-instate, not even a half way. Given that the housing market in Mountain view, CA has dropped barely 10% for the past two yrs. They reduced my line of credit from $430K to $250K and that's more than 40%! given the econ condition, I thought that was NOT a completely unreasonable things to do so I let it go. Yet, when I called Chase, they said not only they will not increase the limit back to it's original amount, they would most likely -block- the whole account. I get very mad and cash out the entire $250K in the same day. Then 3 days later, they sent me a letter saying the credit limit was on re-instated at $250K. Given that comfort level, I wrote them a check for $100K to put the money back. The check was cleared in 20 hrs from my bank. quick, i said. guess what happened to that $100K? it disappeared from the available credit! This means every penny they paid them, they will just swallow it w/o giving you back. So if you think of keeping you line of credit, you'd better cash it out and never pay them back! Let the bank burn!!!
More Chase Home Equity Line Of Credit Complaints & Reviews
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- Chase Home Finance, LLC - mortgage fraud/scam 
- Chase Auto Finance - vehicle repossession after payment arrangement was made 
- Chase Home Finance - chase now causing and encouraging foreclosure! 
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- Chase Bank - stalling on refinancing my mortgage 
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