mortgage free: Free and Clear! Whatever Happened to Owning a Home Without A Mortgage?
- 04/11/08 11:46 AM
When I first got my license in real estate in the late 1970's we had MLS real estate binders in Brooklyn New York. The binders were always filled with leaflets of new listings, and old listings were taken out and placed in a separate section that denoted contract status. Those that were sold were discarded. The interesting thing back then showed type of owner's current financing. I was surprised even then to see how many homes were listed as F/C or "Free and Clear!" That meant no mortgage. When folks paid off their mortgage they actually would hold a mortgage burning … (46 comments)
When I first got my license in real estate in the late 1970's we had MLS real estate binders in Brooklyn New York. The binders were always filled with leaflets of new listings, and old listings were taken out and placed in a separate section that denoted contract status. Those that were sold were discarded. The interesting thing back then showed type of owner's current financing. I was surprised even then to see how many homes were listed as F/C or "Free and Clear!" That meant no mortgage. When folks paid off their mortgage they actually would hold a mortgage burning … (46 comments)
;)
;)
;)
