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cv2
ParticipantWhat amazed me is that how much money the owner has extracted from the house. I hope IRS go after those thieves.
Another interesting observation is that both houses appreciated 4% or 5% annually from its 1999 price. It is higher than the historical 2% but it is 2% over inflation. Again, it actually proves that housing is a good long term investment.
Participant[quote=flu][quote=jpinpb]Some of these sales were just so outrageous, I almost think she must have been splitting the money w/whoever she bought the places from. That is what I suspect w/Chelsea if I didn’t know any better. You know she pulled out a shitload of money from Vegas. Where did it all go?[/quote]
She’s probably cashed out the equity and stashed it somewhere. I know people that did similar things during the 80ies RE bubble across SoCal.[/quote]
How about income taxes? Would she get in trouble with IRS with all that cash lie around?
Participant[quote=flu][quote=jpinpb]Some of these sales were just so outrageous, I almost think she must have been splitting the money w/whoever she bought the places from. That is what I suspect w/Chelsea if I didn’t know any better. You know she pulled out a shitload of money from Vegas. Where did it all go?[/quote]
She’s probably cashed out the equity and stashed it somewhere. I know people that did similar things during the 80ies RE bubble across SoCal.[/quote]
How about income taxes? Would she get in trouble with IRS with all that cash lie around?
Participant[quote=flu][quote=jpinpb]Some of these sales were just so outrageous, I almost think she must have been splitting the money w/whoever she bought the places from. That is what I suspect w/Chelsea if I didn’t know any better. You know she pulled out a shitload of money from Vegas. Where did it all go?[/quote]
She’s probably cashed out the equity and stashed it somewhere. I know people that did similar things during the 80ies RE bubble across SoCal.[/quote]
How about income taxes? Would she get in trouble with IRS with all that cash lie around?
Participant[quote=flu][quote=jpinpb]Some of these sales were just so outrageous, I almost think she must have been splitting the money w/whoever she bought the places from. That is what I suspect w/Chelsea if I didn’t know any better. You know she pulled out a shitload of money from Vegas. Where did it all go?[/quote]
She’s probably cashed out the equity and stashed it somewhere. I know people that did similar things during the 80ies RE bubble across SoCal.[/quote]
How about income taxes? Would she get in trouble with IRS with all that cash lie around?
Participant[quote=flu][quote=jpinpb]Some of these sales were just so outrageous, I almost think she must have been splitting the money w/whoever she bought the places from. That is what I suspect w/Chelsea if I didn’t know any better. You know she pulled out a shitload of money from Vegas. Where did it all go?[/quote]
She’s probably cashed out the equity and stashed it somewhere. I know people that did similar things during the 80ies RE bubble across SoCal.[/quote]
How about income taxes? Would she get in trouble with IRS with all that cash lie around?
ParticipantI really doubt the modified loan is fully amortized.
There was an article in UT Sunday Business section about a family did a loan modification, lowered their monthly payment from over $2k to over $300. It is cheaper than rent but the catch is that it is not fully amortized and there is a balloon payment at the end. I am just too lazy to look for the article in UT, but I am pretty it was within the last two to three Sundays.
ParticipantI really doubt the modified loan is fully amortized.
There was an article in UT Sunday Business section about a family did a loan modification, lowered their monthly payment from over $2k to over $300. It is cheaper than rent but the catch is that it is not fully amortized and there is a balloon payment at the end. I am just too lazy to look for the article in UT, but I am pretty it was within the last two to three Sundays.
ParticipantI really doubt the modified loan is fully amortized.
There was an article in UT Sunday Business section about a family did a loan modification, lowered their monthly payment from over $2k to over $300. It is cheaper than rent but the catch is that it is not fully amortized and there is a balloon payment at the end. I am just too lazy to look for the article in UT, but I am pretty it was within the last two to three Sundays.
ParticipantI really doubt the modified loan is fully amortized.
There was an article in UT Sunday Business section about a family did a loan modification, lowered their monthly payment from over $2k to over $300. It is cheaper than rent but the catch is that it is not fully amortized and there is a balloon payment at the end. I am just too lazy to look for the article in UT, but I am pretty it was within the last two to three Sundays.
ParticipantI really doubt the modified loan is fully amortized.
There was an article in UT Sunday Business section about a family did a loan modification, lowered their monthly payment from over $2k to over $300. It is cheaper than rent but the catch is that it is not fully amortized and there is a balloon payment at the end. I am just too lazy to look for the article in UT, but I am pretty it was within the last two to three Sundays.
ParticipantFrom what I read, these low 1.75% modifications are with a big catch: there is a balloon payment at the end of the 40 year period. In other words, the new loan was never designed to get paid off. It is a kind of reverse mortgage.
ParticipantFrom what I read, these low 1.75% modifications are with a big catch: there is a balloon payment at the end of the 40 year period. In other words, the new loan was never designed to get paid off. It is a kind of reverse mortgage.
ParticipantFrom what I read, these low 1.75% modifications are with a big catch: there is a balloon payment at the end of the 40 year period. In other words, the new loan was never designed to get paid off. It is a kind of reverse mortgage.
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