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Patrick S. Tomlinson decided to refurbish his half house

G

guest

Guest
Whatever they had already paid down, plus any appreciation in the dump's value, will count as equity. Their bank, being in business to make money, rolls all of that into a nicely-packaged HELOC that rubes can treat as a checking account -- which they are.
Yeah I get how loans work. You still need to have good enough credit to qualify for it. The bank should be smart enough to see they’re on the brink of bankruptcy.
 

Mikekeke

Trouble In Tomlinson Town
Forum Clout
6,829
Do you guys think that a publishing house that sees Rick has declared bankruptcy despite having half a dozen books out will be interested in any new projects he's trying to bring to them?

You must not be a great writer who brings home the bacon (unless you count yourself walking in the front door) if you had six chances and they all bombed, and you're just throwing your credit card around like a woman with seven kids who realized there's still some cash on her EBT card a day before it gets reloaded.

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