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.
This is often called blooming on old wood.. Therefore as a general rule, shrubs that flower before June 15 should be pruned soon after flowering. Pruning these shrubs in late summer, fall or early spring will remove the flower buds and therefore the flowers. Spring flowering shrubs are generally pruned by the renewal method. Each spring after flowering, prune out the largest stems to the ground to stimulate new growth from the crown and remaining stems.