Word: mortgagee
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Dates: during 1930-1939
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In Brooklyn the four Schechter Brothers, whose triumph in the U. S. Supreme Court last year smashed the NRA, disclosed that they have lost their poultry business, once the city's largest, that the mortgage on their old father's house has been foreclosed, that they have nothing...
High though it is, Standard's credit has little to do with the company's ability to borrow money at 3%. Bonds like Standard's are called "money bonds," meaning that the price and yield are determined by the state of the money market, not by the...
When her husband died in 1895, Mrs. Eugene Field settled in Chicago with a tidy little fortune, a steady income from royalties accruing from the famed children's poet's works. In 1921. after fire damaged her house, she moved north to Heafford Junction, Wis., where she paid...
To renters: Buy a house with a big mortgage. If a person has good reasons for not buying, he should try for a long-term lease or at least one with graduated increases and including clauses covering redecorating and repairs.
To home owners: Do not pay off the mortgage. "I think you will make greater profits by buying a second house with a mortgage on it. Rent the second house until the height of the boom, then sell it."