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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Ilaine who wrote (60699)5/26/1999 10:26:00 AM
From: Knighty Tin  Respond to of 132070
 
Coby, My guess is that the total mortgages are larger than the equity, so folks are holding on until foreclosure instead of taking the loss. After all, if you use your mortgage credit card and a secondary mortgage to buy EBay, the house has to really go up in price for you to break even. As long as you legally own the house, you can use those bogus credit cards.