Lebanon, MO Man’s Utility Bill Higher Than Mortgage
Lebanon, MO Man’s Utility Bill Higher Than Mortgage
(Lebanon, MO) — Nearly everyone’s eyes are widening as they look at their utility bills this month.
Read more on KOLR – KSFX Ozarks
GMAC Cuts More Than 500 Jobs in Mortgage, Auto Finance Units
GMAC Cuts More Than 500 Jobs in Mortgage, Auto Finance Units
Feb. 3 (Bloomberg) — GMAC Inc. , the auto and home lender controlled by the U.S. government, plans to cut about 554 jobs and close three offices as the firm tries to stanch loan losses.
Read more on Bloomberg
Prison for 2 men whose bogus loans totaled more than $4M
Prison for 2 men whose bogus loans totaled more than $4M
Homicide map: A comprehensive map of Minnesota homicides and links to crime stats, booking records and sex offender registrations.
Read more on Minneapolis-St. Paul Star Tribune
Earl Ofari Hutchinson: Bail out Could Cost Taxpayers Thirty Times more than Reported
Earl Ofari Hutchinson: Bail out Could Cost Taxpayers Thirty Times more than Reported
In 2008 and 2009, 50 separate Federal programs offered $23 trillion in loans, grants, or asset guarantees to the financial sector. Huh! This item…
Read more on The Huffington Post
Categories: mortgage meld Tags: Bail, Cost, could, Earl, Hutchinson, More, Ofari, Reported, Taxpayers, Than, Thirty, Times
MPs Told To Repay More Than £1.1m Expenses
MPs Told To Repay More Than £1.1m Expenses
More than half of Parliament’s MPs have been told to pay back a total of £1.12m of public money they wrongly claimed as expenses.
Read more on SkyNews via Yahoo! UK & Ireland News
Study: Central Ohioans Need Food Assistance More Than Ever
Study: Central Ohioans Need Food Assistance More Than Ever
A study released Tuesday shows that Central Ohio families need food now more than ever, and one local food bank faces the challenges of feeding them.
Read more on WCMH Columbus
Categories: mortgage meld Tags: assistance, central, ever, food, More, Need, Ohioans, Study, Than
Don’t bite off more mortgage than you can chew
Don’t bite off more mortgage than you can chew
How much money do you really need to buy a house? Based on the average sale price of $320,333 last year, the federal government says you must come up with about $16,000 before you can consider gettin…
Read more on MalaysiaNews.net
Euro Falls to Lowest in More Than Six Months on Greece’s Crisis
Euro Falls to Lowest in More Than Six Months on Greece’s Crisis
Jan. 28 (Bloomberg) — The euro declined to the lowest level against the dollar and yen in more than six months as Greece’s and Portugal’s budget crises spurred a retreat from riskier assets.
Read more on Bloomberg
Giants’ wallet opens a bit wider than expected
Giants’ wallet opens a bit wider than expected
Well, looks like the Giants aren’t as tapped out with a $90 million payroll as they said they were. The Giants just got the bill for having top-end starting and closing pitchers Tuesday, and still had extra scratch laying around to resuscitate the Bengie…
Read more on San Francisco Chronicle
What happens to your mortgage if you sell your home for less than you owe?

We would like to move into a bigger home. We live in a small condo that we paid a lot for. We will never get as much for it as we owe for our loan, but we have out grown it. We are not in a foreclosure situation because we are making the payments on time without a problem. If we sell our home for less than it is worth, can we add the balance of our mortgage onto the mortgage of a new home, or will we owe the bank the balance right then and there?