Avalon Technology Grp (fka AVLN)

[WV Hillbilly]

Let's see...rubbing the crystal ball again.....you need to sell your house for $10K below appraisal in order for the new owners to open a second mtg. on the first at time of closing in order to pay the closing costs and points to keep them from coming up with all that money at one time!!!

Or, if you want to pull back the price even further but still walk away with a decent profit, provide enough equity for the new owners to pay for the 20% down in alot of states to take care of PMI insurance as they can put it on a 2nd mtg. at the time of closing and at least the money is payed back with a possible tax incentive as it's a 2nd lien on the home rather than paying PMI which you get no benefit at all!!!!!

Tune in next week when we hear the old crusty mortgage lender say...."Hey big man, let me hold a dollar!...."

You have to be from the south to appreciate that little tidbit of humor as it originated in Charlotte, NC....