Posted by JF in CT on July 25, 2013 at 02:54:51 from (71.88.46.81):
In Reply to: OT Rant. posted by LOU from Wi. on July 24, 2013 at 23:48:39:
Actually sometimes it works out against the bank like it did with my neighbors. They got a reverse mortgage just before the real estate bubble burst. $300k for a house that is now worth less than half that. They lived long enough to run the entire amount out (high monthly payments?). Now the bank owns a house that cost them twice what it is worth and can't do anything with it. It went to auction and didn't sell. They aren't paying the taxes on it and can't figure out how to recoup the massive loss.
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Today's Featured Article - Earthmaster Project Progress Just a little update on my Earthmaster......it's back from the dead! I pulled the head, and soaked the stuck valves with mystery oil overnight, re-installed the head, and bingo, the compression returned. But alas, my carb foiled me again, it would fire a second then flood out. After numerous dead ends for a replacement carb, I went to work fixing mine.I soldered new floats on the float arm, they came from an old motorcycle carb, replaced the packing on the throttle shaft with o-rings, cut new ga
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