Texas Bankruptcy Laws

Father, son team up for mortgage lending (The Washington Times)  Whether they are lending a mortgage loan to clients or lending each other a hand, Fontaine and Lee Williams are certainly partners on the job.read more...


8/3 - GMAC Sells 60% of Commercial Mortgage Unit  General Motors Acceptance Corporation is selling 60 percent of its commercial mortgage subsidiary.read more...


Doubts grow on US bailout plan  A PROPOSED US$700 billion bailout for the banking industry leaves many questions unanswered, but has prompted fears about giving the US government unprecedented power to intervene in the economy, analysts


In 2007, Homeowners Resolve To Renovate  Forget losing weight, finding a better job, or paying off the debt. This year more people are making a resolution they can achieve.Commentread more...


Mortgage rates take a sharp drop (9 News Denver)   KUSA - Mortgage rates dropped after an announcement that the government will spend billions more in an attempt to unfreeze mortgage and consumer lending.read more...


Equity Mortgage keeps grip on Open League (The Daily Advance)  Equity Mortgage Company won two games last week to maintain its lead in ECPRD's Winter Basketball Open League standings. Chauncey's also won a pair of game to stay just one

January 10th, 2008

Becoming Your Parents’ Mortgage Lender

Q: Our parents own their house free and clear, and it is worth about $400,000. Dad is 79, and Mom is 77; both are in fairly good health. They receive Social Security and a modest pension. We would like to assist them financially.

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