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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: nextrade! who wrote (6175)	10/20/2002 10:43:01 PM
From: John Chen	Read Replies (2) \| Respond to of 306849

nextrade,re:"a tad lower". 4 to 5% 30 years, 5 to 6 % 40 years. No mortgae payment if you cannot afford to pay for up to 6 months (just snowball the mortgage until one cannot bear the pressure). Just like the 'LongTermCapitalCrap', FED will come to the rescure. I would borrow, refinance to the tilt and give the key to the FED. The 'food-chain' got the FEEs, owner get the cash and someday the FED gets the key. OOOT::I'm suspcious of the snipper being: 1. terrorist. (this is one we can ill afford) 2. someone had a financial disaster (or parents, relatives, just got all wiped out). I'm sure the 'smart cops and FBI are looking into these.