Personal Finances

Should We Stop Paying Our Mortgage?

by Jon Griffith Personal Finances
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That’s really not a question that I can answer for you.  But, what I can tell you is that there are investors who hold notes on homes who will absolutely refuse to consider you for a short sale unless you’re past due by at least 30 days. My initial response to this is complete rejection.  [...]

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The Debate Continues: One User’s Opinion on Renting vs. Buying

by Jon Griffith Personal Finances

As with anything, there are pros and cons that change with every complicated variable involved.  The concept of buying being better than renting is relative to the context of each side of the equation at any given time.  No two situations are the same, but generally speaking, assuming certain conditions are already met, owning a [...]

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Cash For Clunkers, The Final Deathblow

by Jon Griffith Personal Finances

My recent article entitled Cash For Clunkers Is Absolute Ultra Stupidity was the most viewed article on my site on the day that I released my August newsletter, probably because of how provocative the title was.  I recently caught Blake Thompson’s @ramseyshow tweet which turned me on to the following video by Dave Ramsey, author [...]

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There Is No Secret To Getting Rich

by Jon Griffith Living Debt Free

Think about it. There are thousands of millionaires. Some of them fell into it; some of them worked hard to earn it. Those who worked hard, probably still have it. The most powerful wealth building tool that you have is your income. When you fill a bathtub, you plug the drain. If you don’t, all [...]

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It’s a Bottom Line Issue

by Jon Griffith Bank Antics

A recent post on raincityguide.com got me going about the bottom line when it comes to short sales. The article, written by Ardell, touches on the apparent importance of the assets that a property owner may have that could affect the bank’s decision regarding whether or not a short sale will be approved. At present, [...]

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The Effects of a Short Sale

by Jon Griffith Personal Finances

There is speculation across the industry when it comes to the real effects of a short sale.  The truth be told, there is no one right answer to the question, “What are the effects of a short sale.” So, you say, “What are the effects of a short sale?” Firstly, as a REALTOR it is [...]

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Low-Ball Appraisals Cause Problems

by Jon Griffith Market Updates

The original article was posted on the NAR website and I have re-posted it here. I don’t typically copy others’ articles since I enjoy writing my own, but for the sake of getting the word out, because I am in the middle of this problem right now, I thought I’d pass it along: Real estate [...]

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Is There A Benefit to Foreclosure vs. Short Sale?

by Jon Griffith Featured

When you consider the fact that whether or not you are able to sell your home before the bank forecloses, the bank will eventually foreclose if you don’t pay your mortgage, it would be beneficial to you to at least attempt to sell the home before that happens. It’s really not Foreclosure vs. Short Sale [...]

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