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Word: stopczynski (lookup in dictionary) (lookup stats)
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Which helps explain why the financially distraught are searching high and low for help. Larry Stopczynski, a retired auto engineer in Michigan, has seen the value of his home drop by more than $100,000; he now owes more in mortgage payments than the house is worth. So two months ago, he paid Short Refi Me $1,495 to try to get his banks to agree to be paid off by a new mortgage, based on a current appraisal. If it works, Stopczynski will also pay the San Diego company 1% of the new-loan value...

Author: /time Magazine | Title: Walking Away From Your Mortgage | 6/19/2008 | See Source »

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