February 19th, 2010
Interest would accrue [...] No longer will the
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Interest would accrue [...] No longer will the mortgage contract control the transaction. The appreciation of $56,000 would be split as follows: homeowner: $16,800 and second mortgage holder: $39,200. All mortgages will become much more expensive given the uncertainly the owners of future loans will have. At my company, Refinance.com, we are implementing the plan now. Along with the growing certainty that the problem is substantial and virulent, a variety of plans attempting to find solutions is proliferating. This solution is named the “Appreciating America Plan”.
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