Post #436,881
10/31/20 10:32:55 PM
10/31/20 10:32:55 PM
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Burning the mortgage
I attempted to pay it off just now, but the check was declined: the lienholder wants the final payment to be the equivalent of a gilt-edged bond conveyed via wire transfer, with a couple of hundred dollars of fuck-you administrative fees. Still, I think I can comply with the bullshit and get out from under Mister Potter before another week elapses.
cordially,
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Post #436,882
10/31/20 10:52:09 PM
10/31/20 10:52:09 PM
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time to celebrate indeed
"Science is the belief in the ignorance of the experts" – Richard Feynman
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Post #436,886
11/1/20 10:22:17 AM
11/1/20 10:22:17 AM
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Congrats! It's great to own your home.
We have for a little under two years. Really gives a boost to your savings. bcnu,
Mikem
It's mourning in America again.
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Post #436,892
11/1/20 11:21:08 AM
11/1/20 11:21:09 AM
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Excellent.
We did it a while ago. It's a great feeling.
Congrats!
Cheers,
Scott.
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Post #436,893
11/1/20 3:12:07 PM
11/1/20 3:12:07 PM
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Perhaps light that fire with ... a Drumpf poster? ..a Two-fer.
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Post #436,900
11/1/20 10:05:15 PM
11/1/20 10:05:15 PM
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Paid ours off a few years ago...
...before the sprog arrived, but we're looking at taking out another so we can get a bigger place, possibly with a decent view. Hoping that the coming crash knocks the legs out of the market so we can pick something up for a song.
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Post #436,906
11/1/20 11:55:06 PM
11/1/20 11:55:06 PM
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Re: administrative fees?
That's a rip off!
When I did that back in 1992, the check for the balance was all it took. Alex
"There is a cult of ignorance in the United States, and there has always been. The strain of anti-intellectualism has been a constant thread winding its way through our political and cultural life, nurtured by the false notion that democracy means that "my ignorance is just as good as your knowledge."
-- Isaac Asimov
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Post #437,018
11/5/20 11:11:38 PM
11/5/20 11:11:38 PM
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Re: administrative fees?
Well, given that the original mortgage was something more than 8% + PMI, and the refi was 2.75%, I’m prepared to regard the fuck-you fees as a rounding error. Anyway, it’s all behind me now.
resignedly,
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Post #436,931
11/2/20 3:04:40 PM
11/2/20 3:04:40 PM
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if you hold a mortgage burning party
burn a photocopy, NOT the original. I've read stories on the internet where people get bitten on the ass after the fact from screwed up bureaucracies.
Satan (impatiently) to Newcomer: The trouble with you Chicago people is, that you think you are the best people down here; whereas you are merely the most numerous.
- - - Mark Twain, "Pudd'nhead Wilson's New Calendar" 1897
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Post #437,016
11/5/20 10:20:48 PM
11/5/20 10:20:48 PM
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As of this afternoon
Mortgage is burnt. Yay.
triumphantly,
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Post #437,017
11/5/20 10:56:02 PM
11/5/20 10:56:02 PM
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Congratulations!
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Post #437,029
11/6/20 6:51:46 AM
11/6/20 6:51:46 AM
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Good on you!
Ours is going after the first of the year. I don't understand the mechanics but apparently it's more cost effective than doing it this year. "Religion, n. A daughter of Hope and Fear, explaining to Ignorance the nature of the Unknowable."
~ AMBROSE BIERCE
(1842-1914)
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Post #437,030
11/6/20 8:10:16 AM
11/6/20 8:10:16 AM
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Very well done!
bcnu,
Mikem
It's mourning in America again.
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Post #437,068
11/6/20 10:47:44 PM
11/6/20 10:47:44 PM
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All right!
Alex
"There is a cult of ignorance in the United States, and there has always been. The strain of anti-intellectualism has been a constant thread winding its way through our political and cultural life, nurtured by the false notion that democracy means that "my ignorance is just as good as your knowledge."
-- Isaac Asimov
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