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.
Prune minimally to shape the tree and control its size. Fertilize magnolias in spring as new growth appears with a balanced fertilizer. Apply Â½ to 1 cup of 10-10-10 fertilizer around the base of the tree, depending on the age and size of the tree. Larger trees need more fertilizer. Magnolia macrophylia is grown as much for its foliage as its flowers. 2  Hardy in USDA zones 5 through 9, the tree grows 30 feet tall with leaves that can grow to 3 feet long.