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Archive for October, 2014

Will Your Children Own A Home?

Will Your Children Own A Home?

Long ago, when I was a child, no material possession was more important than a home. Whether the house was large or small ownership was a way to say that you had a stake in the American system, that you had full citizenship. The symbolism of ownership was enormous. Many people came to America precisely […]

Posted in: News
Mortgage Rates and Financial Repression

Mortgage Rates and Financial Repression

Financial repression is a newly-emerging buzzword, the idea that by forcing down interest rates the government is scooping up funds that would have gone to the private sector. Why would the government do this? To paper over the size of the federal deficit and avoid a financial collapse. If this sounds like a strange idea […]

Posted in: News
Why Pay Needless Mortgage Penalties & Late Fees?

Why Pay Needless Mortgage Penalties & Late Fees?

Mortgage penalties are a multi-billion-dollar tax on American borrowers, one that you don’t have to pay. This is a case where borrower behavior can completely eliminate mortgage penalties — fees that typically equal 5 percent of the monthly payment. In other words, if you have a $1,500 a month payment the penalty for being late […]

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Real Estate Appraisals and Date-of-Death Values

Real Estate Appraisals and Date-of-Death Values

Real estate appraisals and deceased relatives are never a comfortable match and it doesn’t help that heirs may need date-of-death valuations.This raises the question of how such valuations work and why you may want the highest price possible Question: I had my parents’ home appraised for a date-of-death value, which differed from the assessed value […]

Posted in: News