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To: MineralMan
Heard anything about the couple that bought your old house? If I remember right, you mentioned once that they had an unusual mortgage.

Luckily, any real estate I have is part of a trust in the old family farm. Nebraska farmland has never been part of the property speculation, and since it is the original homestead I doubt the family will sell.
14 posted on 02/16/2006 11:54:21 AM PST by redgolum ("God is dead" -- Nietzsche. "Nietzsche is dead" -- God.)
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To: redgolum

"Heard anything about the couple that bought your old house? If I remember right, you mentioned once that they had an unusual mortgage.
"

We exchange emails about once a month. So far, they haven't mentioned anything that they're worried about. It's about two years since they bought the place, though, so they're about to get hit with a reset on their second mortgage that they used for a down payment.

They have lots of close family between them, though, and a lot of that family has some money, so they may be able to float something in the way of a family loan.

They're very happy in the house, which has appreciated since they bought it, although I think the value has flattened at this point.

They're really nice kids, and I'd hate to see them get in trouble with this, but they bought the place. They'll have my sympathy if things get tough, but that's all I can offer them.


We'll probably drive up there on our Spring visit to California to see my parents. We have lots of friends in our old town, so we'll drop in on the kids and have a glass of wine with them. I'm looking forward to seeing all the changes they've made in person instead of in digital photos.


16 posted on 02/16/2006 12:03:01 PM PST by MineralMan (godless atheist)
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