If you are in this situation where your junior mortgage liens are âunder waterâ you should first consult with your accountant to determine what, if any, tax liability might result in the event the bank(s) suddenly forgive your debt.
Prune your magnolia right after it blooms. Some magnolias bloom in early spring, others in summer. Regardless of type, prune after the main flush of bloom. Some southern magnolia (Magnolia grandiflora) cultivars such as 'Little Gem' bloom all summer. Prune these early in the growing season. Late-summer, autumn, or winter pruning can result in few, if any, flowers the following year.
Slow-growing Magnolia x soulangeana typically attains a manageable size of about 20 to 25 feet tall with a 25- to 30-foot spread. It requires little in the way of pruning, which you should do immediately after the tree blooms.