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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Think4Yourself who wrote (41081)	3/30/2005 3:53:02 PM
From: RWS	Read Replies (1) \| Respond to of 206209

Those contracts are crap because the lender is not at risk since they are lending money created out of nothing. RWS

To: Think4Yourself who wrote (41081)	3/30/2005 4:29:26 PM
From: Elroy Jetson	Read Replies (1) \| Respond to of 206209

Those making more than their state's median income will have to file Chapter 13 rather than Chapter 7 when filing bankruptcy. The median gross income for most states is roughly $50k per year. Those who experience foreclosure or who wish to "give their homes back to the bank" will soon discover they must continue paying most of their mortgage payment, long after they have have lost their home. The only exception will be: those who have only their original "purchase money loan" (ie have not refinanced or added an additional loan like a HELOC); AND; whose property is in states like California which bar the recovery of deficiency judgments (the amount of the mortgage which exceeds the home's value when it is sold by the bank. Happy real estate bubbling. .