tag:blogger.com,1999:blog-33399132.post4366189543193896550..comments2024-03-04T08:09:21.453-08:00Comments on Richard's Real Estate and Urban Economics Blog: Are we a 15 percent society or an 18 percent society?Richard Greenhttp://www.blogger.com/profile/02161226214739034402noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-33399132.post-23007934071797223022013-02-03T02:17:51.246-08:002013-02-03T02:17:51.246-08:00Imagine if you lost your good paying job. You had ...Imagine if you lost your good paying job. You had to go bankrupt because there was no work in your field. Four years later you are still working at minimum wage. You have been through a bankruptcy, but your second mortgage is still on the books. You have an adjustable rate mortgage that is at 3% today and ability to apply for <a href="http://britainloans.co.uk/" rel="nofollow">no credit checks pay day loans</a>. But you know that in the future the rates will go up. You can not re-finance to a fixed rate, with the second mortgage still on the books. The second mortgage holder will not write off their valueless lien. You are one of the people that receives that letter that your second loan has been written off.Valenhttps://www.blogger.com/profile/03479824572521161974noreply@blogger.com