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Hey dummy, the amendment, as originally introduced, included a sttipulation that expenditures be limited to 18% of GPD
You sign a contract to repay the full amount when you borrow the money for the house. Period. You owe the full amount. Period
Even if the bank doesn't suit, when they write off the difference as a loss, the IRS requires them to issue you a 1099. The IRS considers this as income for you and you owe taxes on it.
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Mumia's the Word

John524 Wrote: Sep 22, 2011 11:34 PM
Now if they will just finally kill Mumia
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Reverse Mortgages

John524 Wrote: Sep 02, 2011 12:17 AM
These things are bigger sucker bets than a variable rate motgage.
Good riddance. He is part of what went wrong in the Republican Party during the 90's and is another Country Club RINO.
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Justice for Poker Entrepreneurs

John524 Wrote: May 03, 2011 10:03 AM
Two words on why this is happening. Harry Reid. He has a deal with Harrahs to squash foreign based online poker so they can step in and dominate the market.
You forgot there is one other member of the List, Bill Gates
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The Boone Pickens Bill for Energy

John524 Wrote: Apr 14, 2011 5:34 PM
Better idea, Fair Tax.
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The Boone Pickens Bill for Energy

John524 Wrote: Apr 14, 2011 5:33 PM
Hey mister automotive engineer, diesel engines do not have spark plugs. They use compression to ignite the fuel, which is why they produce so mush power. Natural Gas does not even come close to producing as much energy as an equal volume of diesel fuel. Which means you are going to have to burn about 20% more to get an equal amount of work done. His plan also requires the use of LNG (Liquified Natural Gas) not the natural gas coming through the line in your house. This would require very heavy fuel tanks due to the required insulation necessary to keep the gas liquified. Not to mention turning every 18 wheeler traveling down the road into a huge bomb. As for the tax breaks he wants, businesses can already right off equipment...
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