Texas Bankruptcy Laws

Employment growth needed to drive new wave of housing starts  Thunder Bay is seeing a decline in housing sales, and its not expected to get better in the coming year.read more...


Mortgage holders anticipate rate cut (The West Australian)  Mortgage holders will have their fingers crossed on Tuesday for the first interest rate cut in nearly seven years. The Reserve Bank of Australia (RBA) is widely expected to reduce


U.S. MBA's Mortgage Applications Index Fell 1.5% Last Week (Bloomberg.com)  Aug. 20 (Bloomberg) -- Mortgage applications in the U.S. declined last week to the lowest level since December 2000 as fewer homeowners sought to refinance their mortgages.read more...


She'LL Be Home for X'Mas  THIS woman and her family could have spent Christmas locked out of their home. They would have had no cheer, no place to live, no reason to celebrate.read more...


Elderly on the go, but not behind wheel  Margaret Emmons had not driven in more than 20 years. So when her husband died last fall, she had no use for their 1997 Ford Taurus.read more...


Show to help homeowners with making home improvements  Homeowners can learn how to spruce up their homes during the annual Iowa City Home & Builder Show starting today.read more...

March 18th, 2008

‘Free and Clear’ Ownership: An Overvalued Concept

Q: Our condominium is worth about $350,000, and we owe only $25,000 on our mortgage. We are from the old school and want to own this property free and clear. We have the money and are considering paying off the loan. Is this a good idea? If so, how do we go about making sure it is done correctly?




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