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I was reading up a bit on AHM and what happened afterwards. We are not doing our insurance or taxes through the mortgage. So we are not jeopardy of those going unpaid. However, there is also concern about "late payments" which are made on time.
If BOA aquires Countrywide, there is no problem. But if it actually goes bankrupt, I would think it would be tough to get a refi when our bank is under chapter 11.
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James
The pessimist complains about the wind; the optimist expects it to change; the engineer adjusts the sails.- William Arthur Ward (1921-1994)
Red-beard for President, 2020
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