Think for a moment about the small business entrepreneur just starting out in his basement, mortgaged to the hilt, wondering if he will make it.
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The average time for a mortgaged home to transition from default to bank reposession in each of these three states has been over two years.
And she had mortgaged her house to invest in securities, invest in stocks.
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In 1976 he mortgaged his hotels to buy some of the western properties that Atlantic Richfield had divested after buying Sinclair.
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Freddie Mac was started in 1970 to expand the market for American home buying by purchasing mortgages from lenders and repackaging them as mortgaged-backed securities to create a secondary mortgage market.
In August 2006, Durkee mortgaged his home, and he and a partner invested their retirement funds to start Enki, a tiny firm in Mountain View, Calif.
It's harder to pull this off when the donated asset is not stock but mortgaged real estate.
Ms Kirkbride later said she would quit Parliament after facing criticism over claims she re-mortgaged her second home in her constituency, in which her brother lived rent free, to build an extra bedroom.
After all, this is a man who mortgaged his house so Monty Python could make "Life of Brian" because he wanted to see it -- "still the most anybody's ever paid for a cinema ticket, " jokes Python's Eric Idle.
"The money that would be released to them when they are older, that is the kind of thing that can be mortgaged off by gangsters, " he said.
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Totaling just under 22% of all mortgaged homes in the U.S., many of these upside-down homeowners are choosing to stay put until prices rise enough to restore their properties to positive equity.
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Having mortgaged all of his family's property--including his mother's house--just to pay satellite fees, Massie turned to his viewers to help sell the network.
Mr Howard's tough stand on security and asylum-seekers at the last election in 2001 won him a swag of seats in the heavily-mortgaged western fringe of Sydney that Labor once considered its heartland, and which it must now take back to win government.
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And they're on board with the idea of giving taxpayers the most senior position when it comes to repayment of the loans, though Ford has a slight complication with this because the company has already mortgaged all of its assets.
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