If the amount due is greater than value of the house, the loss is absorbed by the lender. But that's not common. Your home continues to appreciate in value, ... It's not unusual for borrowers to have substantial equity left in their house.
More Quotes from Peter Bell:
We are absolutely thrilled to be working with General Motors. GM's investment in Cure Autism Now will significantly impact our ability to fund research and develop more effective treatments for autism. Having an endorsement from one of the world's largest and most successful corporations really underscores that autism is a national crisis and community cause, deserving of corporate support.Peter Bell
Every single month we increase our sales. There is a general interest across the country.
Peter Bell
I'm outraged and saddened by the verdict of the Yugoslav court, ... We must face the fact that this process is being driven by politics, not justice.
Peter Bell
We're lining up the land planning on that site right now.
Peter Bell
I applaud Blue Cross' efforts to help communities consider the health implications of their municipal planning decisions. Community designs that accommodate more active lifestyles will be better for all of us.
Peter Bell
I know one couple who at 76 and 75 used proceeds from their reverse mortgage and bought a new Harley Davidson motorcycle with a side car. There are basically three types of people who get these loans. There are need-based borrowers, who need the money to supplement what they are getting. There are security borrowers, who are getting by but want to add a reserve to pay for such things as emergency repairs. And there are lifestyle borrowers, who are doing OK on their retirement income but want to add some discretionary income.
Peter Bell
Readers Who Like This Quotation Also Like:
Based on Topics: Value QuotesNews is so often a report of conflict, an account of problems, a thing of the day and even of the minute, that sometimes I think we make the background darker and the shadows deeper than they actually are.
Arthur H. Sulzberger
French architecture always manages to combine the most magnificent underlying themes of architecture; like Roman design, it looks to the community.
Stephen Gardiner
I'm wearing a garbage bag. I was put on my own worst-dressed list.
Steven Cojocaru