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TCF is really an overgrown community institution which does a lot of HELOCs. I am not surprised they were sharp enough to catch what was going on and protect themselves.
The right of offset is really, realy common language in loan docs. Even the car loan I took from Pen Fed a few years ago gives them the right to offset deposits vs the loan if I default.
Dunno what to say on whether people read the docs. Can't help the terminally stupid or lazy keep from shooting themselves in the foot, I guess.
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"And Jesus spake, 'Become thou now fishers of adjustable rate mortgages'" - New Conservative Bible
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