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.
* * * iPOD GIVEAWAY! * * * "Your Home-Your Money Mortgage Radio" is celebrating one year on the Madison1670 Radio and six months of podcasting by giving away a FREE iPOD! All you need to do to enter this random drawing is to go to Episode #50 - Happy Anniversary To Us! and follow the instructions. Good luck - and thanks!
Details are at http://www.talkshoe.com/talkshoe/web/talkCast.jsp?masterId=1009 - Episode #50.
Banks are banks - they got all the money (yours) and press, and clout to paint their picture as your financial friend. Are they? Do you get your best deal there? Find out today!
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!