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Old 01-29-2008, 01:16 PM   #17
Raven
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Join Date: Apr 2002
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Exclamation zacs

Quote:
Originally Posted by zacs View Post
unfortunately, it became difficult for new borrowers to re-fi due to the falling real estate market. The bank will not finance 100% of the value of the home in a normal mortgage.

so when you financed $240 for your $300K home, which now assesses at $250, you are screwed and can't refinance if you owe a penny more than $200.

is this what is happening to you, Raven?

different numbers but essentially ........ yes

i'm sooooo close to making this farm run like a cheetah
and if things don't get better soon i'll loose my only opportunity.

if that were to happen.... my life would just end
because it'll surely kill me.....DEAD same as a bullet would.
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