LivingAlmostLarge - trying to live large  ...one step at a time

Dropped by Bank of America

October 30th, 2008 · 4 Comments · Economy, Mortgage

So DH and I had a Home Equity Line of Credit set up with Bank of America.  We have our mortgage with them and our checking.  Anyway we set up the home equity line when we got the mortgage in case of emergency.  We haven’t used it, but it was comforting in case of emergency [...]

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Free House in Foreclosure

July 27th, 2008 · 11 Comments · Debt, Economy, Financial Mistakes, Mortgage, Real Estate

Apparently a family in Georgia got a free house in 2005 from Extreme Makeover, and now they are going into foreclosure here.  So what happened?
Well 2 years after Extreme Makeover rebuilt the new home for the Harpers and paid off their exisiting mortgage, the Harpers took out a $450k mortgage only 15 months ago!  And somehow in 15 months are [...]

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