Texas Bankruptcy Laws

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May 13th, 2005

New interest-only mortgage loans can be quite risky (5/14/2005) (Seattle Post-Intelligencer)

When my mailbox first started to fill with questions about interest-only mortgages a few years ago, I smiled; I knew a flash in the pan when I saw one. Interest-only mortgages were the standard mortgage in the 1920s, but they disappeared during the Great Depression, and for good reason. This sudden renewal of interest would not last—or so I thought.

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