Free Republic

A Long Island couple is home free after an outraged judge gave them an amazing Thanksgiving present — canceling their debt to ruthless bankers trying to toss them out on the street.

Homeowners taking part in the Obama administration's housing rescue program through Fannie Mae and Freddie Mac will now be eligible even if their loan-to-value ratio is up to 125 percent. That means they can have up to 25 percent negative equity and still get a refinance.The rule changes, part of the government's attempts to restore housing affordability and stem the foreclosure crisis, apply to loans backed up by Fannie Mae and Freddie Mac.Previously, homeowners could borrow up to 105 percent of their home's value. The new loan-to-value ratio is set up at 125 percent in a further effort to address...

When Jennifer and Bobby Post traded in their 2001 Chevy Suburban last year for a shiny new Ford F-350 turbo diesel with an extended cab, it seemed like a great deal. Even though they still owed $9,500 on their SUV after the trade-in value, they didn't have to put a penny down. The dealership, near the Posts' home in Victorville, made it easy; it just added the old debt to the price of the new truck and gave the couple a seven-year, $44,276 loan. The Posts were a little worried about taking on such a long obligation, but they couldn't...

When Jennifer and Bobby Post traded in their 2001 Chevy Suburban last year for a shiny new Ford F-350 turbo diesel with an extended cab, it seemed like a great deal. Even though they still owed $9,500 on their SUV after the trade-in value, they didn't have to put a penny down. The dealership, near the Posts' home in Victorville, made it easy; it just added the old debt to the price of the new truck and gave the couple a seven-year, $44,276 loan. The Posts were a little worried about taking on such a long obligation, but they couldn't...

MIAMI (Reuters) - A Florida voter may have unwittingly lost hundreds of thousands of dollars by using an extremely rare stamp to mail an absentee ballot in Tuesday's congressional election, a government official said on Friday. The 1918 Inverted Jenny stamp, which takes its name from an image of a biplane accidentally printed upside-down, turned up on Tuesday night in Fort Lauderdale, where election officials were inspecting ballots from parts of south Florida, Broward County Commissioner John Rodstrom told Reuters. Only 100 of the stamps have ever been found, making them one of the top prizes of all philately. Rodstrom,...

Something different... "Roman 7.5 ft Pre-lit Upside Down Christmas Tree HOT!! This Tree is on NUMEROUS TV news shows as a HOT Item!!"

SAN ANSELMO, Calif. (AP) - A downtown property owner protesting President Bush's re-election raised a furor in this small Northern California town when he placed an upside down American flag on his two-story building. Ford Greene has stirred anger previously with controversial signs, including one before Tuesday's election that read "Take the thug out," an apparent reference to defeating Bush. After the election, he replaced it with an upside down American flag, prompting more than a dozen angry telephone calls to San Anselmo Town Hall and the police department. "It's a First Amendment right, but he feels the U.S. is...

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