mking
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More info: (the first info i had was relayed by my roomie) Notice of Default. Some $19k in past due payments, plus $2k or so in fees. Thats a monthly payment of about $4750 per month (I think their ARM adjusted painfully). we pay $2000/month,…
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As Ira said its a function of how much the house is worth now versus how much you owe. The magic number is to have 20% equity (to have the debt be no more than 80% of the current value of the house). I refinanced a house in 2004, and brought $10,0…
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in 2002 i bought a rambler built in 1951. the inspector i hired was very thorough. He noted the wiring (knob and tube) and plumbing (galvanized) were potential problems. but overall he pointed out that the house was built using very good material…
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crap. sterling is my bank. im just under FDIC limits based on joint account rules (i checked this issue carefully), but i moved all my 401k $ into a sterling CD plus cash from selling a house. anyone have any suggestions for a local bank that does…
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If this is true one rich billionare could buy alot of the supply and significanlty impact the price Thats been tried, and it didnt end well for the billionaire. http://en.wikipedia.org/wiki/Nelson_Bunker_Hunt
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ok here it is http://www.win-this-home.com/ its on the just a bit north (and west) of euguene "appraised" at $575k. WTF? last i checked the oregon coast isnt a hotbed of economic activity. its a nice house in a seaside community with very…
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my personal risk tolerance right now is that i am less worried about losing to inflation that i am about losing principle in a market crash. in august 07 i liquidated 1/2 of my mutual fund IRA and moved it to a local bank CD based IRA. i sleep alot…
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actually, it was a really nice house, on the coast nearish lincoln city or thereabouts. the issue was the seller just couldnt get what he "thought" it was worth
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TJ_98370 wrote: "From here, it's only going to go up," Avery said. . You know, if any other professional, like say, a lawyer or a doctor stated something as a fact that later was shown to be clearly wrong, and you relied on their exper…
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book marked it this time!
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i think it is very important for the government to do all it can (say by helping bad loans be converted into longer term fixed interest loans) to prevent this type of behaviour from being widespread. think about who is going to get hurt when the …
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i dont recall the interest rate on my first mortgage, but i know i was excited when we refinanced and got down to about 10%. didnt take any cash, just got a better rate. that was about 1990. the home (a modest rambler in federal way, 1500 sf) was …
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please dont take this the wrong way, but the reality of never paying more than 8% interest is that you have been spoiled (not just you personally, but everyone who thinks low rates are normal). it appears your first experience with credit has bee…
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thanks!!! that peak in 1990 followed by the drop and flat spot through 1996- that was me! i bought at the peak and sold in the flat. no pink ponies for me!
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i have thought about the best place to park it. the rate on the house we want to keep is 4 and 3/8 (thats a fixed 15 year conventional loan; talk about timing!!!). the money market the cash is in now earns about that. i have a CD thats earning a bi…
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then the price of the house goes down precipitously as that rate adjusts so if interest rates zoom up (6% to 12%) home prices fall dramatically? you mean i wont be priced out forever? seriously, given the unprecedented increased in RE values,…