[Diego Mamani]

It’s not asinine to ask 🙂

Once you inherit the note, there’s no loan anymore, so you can’t be in default.

Now, in your example I think you are saying that you stop paying after your in-laws die, but before you inherit the note?

Even in default, the note has some value, not zero. But you’re right, tax consequences can be complex.

[Diego Mamani]

It’s not asinine to ask 🙂

Once you inherit the note, there’s no loan anymore, so you can’t be in default.

Now, in your example I think you are saying that you stop paying after your in-laws die, but before you inherit the note?

Even in default, the note has some value, not zero. But you’re right, tax consequences can be complex.

[Diego Mamani]

It’s not asinine to ask 🙂

Once you inherit the note, there’s no loan anymore, so you can’t be in default.

Now, in your example I think you are saying that you stop paying after your in-laws die, but before you inherit the note?

Even in default, the note has some value, not zero. But you’re right, tax consequences can be complex.

[Diego Mamani]

It’s not asinine to ask 🙂

Once you inherit the note, there’s no loan anymore, so you can’t be in default.

Now, in your example I think you are saying that you stop paying after your in-laws die, but before you inherit the note?

Even in default, the note has some value, not zero. But you’re right, tax consequences can be complex.

[Diego Mamani]

It’s not asinine to ask 🙂

Once you inherit the note, there’s no loan anymore, so you can’t be in default.

Now, in your example I think you are saying that you stop paying after your in-laws die, but before you inherit the note?

Even in default, the note has some value, not zero. But you’re right, tax consequences can be complex.

[Diego Mamani]

I agree with your assessment. I almost bought a house last October… I wanted to offer 6.4% below asking price, but the listing agent essentially yelled at me and said that was too low, so I never wrote an offer. I should have written one, haggled and maybe split the difference, but I didn’t, so I’m still renting as I’ve had since I sold my house in the summer of 2005.

Anyways, I think that mortgage rates hit bottom in October:
http://www.freddiemac.com/pmms/pmms30.htm

People are slowly catching up with what you wrote, which explains the fact that nominal mortgage interest rates will continue to go up, regardless of how much money the Fed prints. 30-yr fixed rates today have an APR of slightly over 5.0%. Not as low as two months ago, but may still be a steal.

[Diego Mamani]

I agree with your assessment. I almost bought a house last October… I wanted to offer 6.4% below asking price, but the listing agent essentially yelled at me and said that was too low, so I never wrote an offer. I should have written one, haggled and maybe split the difference, but I didn’t, so I’m still renting as I’ve had since I sold my house in the summer of 2005.

Anyways, I think that mortgage rates hit bottom in October:
http://www.freddiemac.com/pmms/pmms30.htm

People are slowly catching up with what you wrote, which explains the fact that nominal mortgage interest rates will continue to go up, regardless of how much money the Fed prints. 30-yr fixed rates today have an APR of slightly over 5.0%. Not as low as two months ago, but may still be a steal.

[Diego Mamani]

I agree with your assessment. I almost bought a house last October… I wanted to offer 6.4% below asking price, but the listing agent essentially yelled at me and said that was too low, so I never wrote an offer. I should have written one, haggled and maybe split the difference, but I didn’t, so I’m still renting as I’ve had since I sold my house in the summer of 2005.

Anyways, I think that mortgage rates hit bottom in October:
http://www.freddiemac.com/pmms/pmms30.htm

People are slowly catching up with what you wrote, which explains the fact that nominal mortgage interest rates will continue to go up, regardless of how much money the Fed prints. 30-yr fixed rates today have an APR of slightly over 5.0%. Not as low as two months ago, but may still be a steal.

[Diego Mamani]

I agree with your assessment. I almost bought a house last October… I wanted to offer 6.4% below asking price, but the listing agent essentially yelled at me and said that was too low, so I never wrote an offer. I should have written one, haggled and maybe split the difference, but I didn’t, so I’m still renting as I’ve had since I sold my house in the summer of 2005.

Anyways, I think that mortgage rates hit bottom in October:
http://www.freddiemac.com/pmms/pmms30.htm

People are slowly catching up with what you wrote, which explains the fact that nominal mortgage interest rates will continue to go up, regardless of how much money the Fed prints. 30-yr fixed rates today have an APR of slightly over 5.0%. Not as low as two months ago, but may still be a steal.

[Diego Mamani]

I agree with your assessment. I almost bought a house last October… I wanted to offer 6.4% below asking price, but the listing agent essentially yelled at me and said that was too low, so I never wrote an offer. I should have written one, haggled and maybe split the difference, but I didn’t, so I’m still renting as I’ve had since I sold my house in the summer of 2005.

Anyways, I think that mortgage rates hit bottom in October:
http://www.freddiemac.com/pmms/pmms30.htm

People are slowly catching up with what you wrote, which explains the fact that nominal mortgage interest rates will continue to go up, regardless of how much money the Fed prints. 30-yr fixed rates today have an APR of slightly over 5.0%. Not as low as two months ago, but may still be a steal.

[Diego Mamani]

That’s simple FLU… Once you inherit the note, you own the property free and clear.

But if your wife has siblings, they may jointly inherit the note… in which case you still have to pay back the loan.

[Diego Mamani]

That’s simple FLU… Once you inherit the note, you own the property free and clear.

But if your wife has siblings, they may jointly inherit the note… in which case you still have to pay back the loan.

[Diego Mamani]

That’s simple FLU… Once you inherit the note, you own the property free and clear.

But if your wife has siblings, they may jointly inherit the note… in which case you still have to pay back the loan.

[Diego Mamani]

That’s simple FLU… Once you inherit the note, you own the property free and clear.

But if your wife has siblings, they may jointly inherit the note… in which case you still have to pay back the loan.

[Diego Mamani]

That’s simple FLU… Once you inherit the note, you own the property free and clear.

But if your wife has siblings, they may jointly inherit the note… in which case you still have to pay back the loan.

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