This mortgage-gone-bad story is getting attention across the US as it applies to borrowers everywhere. According to an article in the Washington Post, Susan and Kevin Andrews of Cedarburg, Wisconsin refinanced their home in 2004 into what was explained - and reportedly documented - to be a 1.95% interest rate that was to be fixed for five years. It was not. The Andrews family decided to fight and eventually took the lender - Chevy Chase Bank - to court and WON, setting the table for a class action lawsuit by thousands of borrowers in the same boat. This is their story - and their caution - to the listeners of Your Home-Your Money as related in this excellent live interview.
You can find the Washington Post article here:
http://www.washingtonpost.com/wp-dyn/content/article/2007/02/05/AR2007020501415.html
The Mortgage Guys continue their series on For Sale By Owner selling - called FSBO RADIO - with some input on how to price and market your home. Darren Kittleson of Keller-Williams knows how to sell homes. He also knows the Wisconsin real estate market. So If YOU want to sell your FSBO, listen to the Best of the Best in this live simulcast interview.
Bill Quigley and Art Blanchet can be heard on Madison1670 Saturdays or at www.yourhome-yourmoney.com/archives. Don't miss out.
Got a loan? Not sure it's the best deal? Think there's smoke and mirrors? The biggest fear everyone has - or should - is that shopping tears up the credit score.
Listen here as we relate a realilife adventure of a client and friend as we explain how to compare-shop and keep the credit unscathed. 12 Steps to SAFE Lender Shopping.
Also available at http://www.talkshoe.com/talkshoe/web/talkCast.jsp?masterId=10690&cmd=tc. Reality Radio at its best!
Selling your home without a Realtor? Just a little confused? Lucky for you real estate attorney Jessica Zerbst is here to set you straight on key points of contracts and closing that FSBO deal. When was the last time you got some great advice from a sharp lawyer for FREE? If you're smart - TODAY!
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