One of my best freinds is trying to sell his home right now, cause he found his "Dream Place" in a foreclosure sale. He paid $170,000 for it 5-6 years ago. He and his wife have refinanced a few times to(as the lender says) utilize their equity as cash (based on appraisel). So now he is trying to sell his house for $239,000. Well, that would be nice for downpayment right?? Get this, he said if they get what they are asking, they would have $10,000 for a downpayment after they pay off the current mortgage after the sale. Ya, SOME lenders sure do help you out dont they. I couldnt beleive it. I wish him the best, but he'll never sell the home for asking price, will come out with $0, finance more than he has now, cause the lender makes it APPEAR, that his cash flow is fine. I told him stay where he is and pay the flippin mortgage down and quit borrowing against it for things he wants but cant afford at the time.
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Today's Featured Article - Chores - by Frank Young. The ceaseless passing of time! It is at once our friend and our enemy. It measures our progress and it makes us old. Like most features of our life, few things are all good or all bad, and most such judgments depend on our own perspective or viewpoint. In our particular hobby, we enjoy the nostalgic return to the days of our youth as we recreate many of the scenes that took place on the family farm that served as the stage for the first few acts of the play that is our live
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