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Limestone Investments, LLC |
| 50% of you won't make it because... | You give up. About month number six you realize that owning a home is way more than meets the eye. Since you decided that you needed the same lifestyle you had before, you stretch yourself into a house you can barely afford. All it takes is one little hiccup and your world collapses. "I lost my job, my loser boyfriend gambled all the money, my kid got sick, my car broke down..." I get a country and western song every week. 80% of the people I evict are single women. | ||||||||||||||||
| 20% of you extend your contract because... | You dilly dally and don't clean up your credit. You keep promising me and everyone else that you will get on it. Next week turns into next month which leads to next year and wham! One year went poof and you are in the same boat you were in before. The good news is that you still haven't wasted your money because most of my partners are willing to extend your option. The bad news is that you haven't made any progress. | ||||||||||||||||
| 20% of you wont make it because... | You ignore my warning that you need 3 times the mortgage to make it happen. The new job or company you started doesn't come close to the income needed to qualify for a loan. You had pie eyed dreams that you will be making twice as much as you did last year. | ||||||||||||||||
| 10% of you will make it because... | You followed my advice:
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Q: My wife and I are going to put our house up for sale soon. Someone told us about a realty company that lists your home on the Multiple Listing Service, provides signs and paperwork and has a number of services you can purchase.
Editor's note: Listings include the resale home's parcel number. Occasionally, the address listed is the homebuyer's mailing address and not the actual location of the home. Check the parcel number to make sure. Also, a few transactions do not reflect the market value of the homes.
Q: Last October, our homeowners association board approved as much as a $100,000 loan that was to be repaid by the end of the 2011-2012 budget year, which ended Feb. 28. The loan was to specifically pay a community and a golf course water bill. The actual loan was $50,000 and when it came time to repay it, the board voted not to. Is this an acceptable action by the board and, if so, is there a limit to how often and how much they can borrow from the reserves and not pay it back?
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