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109
Allah
2006 Aug 15, 6:46am
Is this legal?
$900000 CASH OUT RIGHT AFTER YOU PURCHASE! BUY AND REFI, WALK AWAY WITH CASH!
You can try that, but if you walk away, you'll be on the hook for the $900K. The bankruptcy law will enforce it unless you spent it on consumables.
but this certainly is:
We can use your old appraisal, or have it reappraised for a higher amount to get more cash out!
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After a 2 year tightening cycle and 17 straight rate increases, the Fed has finally decided to pause. What do you think the Fed will do next?
Will the Fed pause again at their next meeting, or do you believe this is only a temporary reprieve? Or conversely, do you think it's possible the Fed could lower rates next time?
And most importantly, what do you think the Fed should do? What is in the best interest of the U.S. economy?
Also, will there be any real impact from the pause in the tightening cycle?
Lastly, what do you think the Fed's ultimate agenda is? Are they going to try to prop up housing to "save us" from a recession? Or do you think they will try to funnel U.S. $$ into something else, like the stock market?
#housing