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Old 02-24-2009, 05:05 PM  
dyna mo
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Join Date: Dec 2008
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Posts: 67,430
Quote:
Originally Posted by Rochard View Post
There is in fact a silver lining in this mess.... My house has dropped in value by 50%. My property taxes and homeowners insurance is rolled in with my mortgage, and last month we got a nice letter saying that our monthly mortgage is going to drop by $750 because of property taxes and insurance drops.

Nice.
how does that happen without a reappraisal?
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