overencumbered: Is Your Own Home Over-Encumbered? We can fix that.
- 08/10/10 03:23 AM
In talking to real estate agents, I"m finding that (not surprisingly) many agents owe way more on their own homes than the are worth today. They know that short sales are a longshot and they don't want to move anyway. Let me tell you about Pete (not his real name) We're friends with Pete and his family, so when they came by to pick up their daughter from our house yesterday we got to talking. Lynn (again, not her real name) looked worried and I asked her why. She said she was embarrassed and had never wanted to tell anyone, … (0 comments)
overencumbered: How to Save a Horse Farm
- 08/09/10 03:25 AM
Recently I heard about a family that breeds horses for polo and jumping. The property was, just a few years ago, worth $12,000,000. But this nasty economy has hit everyone, not just the middle class. The owner was having trouble making the payments on his property. The property was not only their home but their business as well. If they lost their home, they also lost their livelihood. This family seriously needed mortgage relief. This place had a mortgage that was more than a million dollars overencumbered. The only solution that they had been offered by other agents was a … (2 comments)
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