Thursday, 26 January 2012

Old mortgages rise from the dead, haunt homeowners

(Reuters) - In July 2009, Roy and Sheila Bowers refinanced the mortgage on their suburban ranch home in Topeka, Kansas. The couple wanted to take advantage of the low interest rates that were all the rage at the time.

Source: http://feeds.reuters.com/~r/reuters/MostRead/~3/GnqPjKW64pU/us-usa-housing-mortgage-reincarnation-idUSTRE80P0SJ20120126

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