From MSN.com, we have Mortgage brokers cashed in on U.S. housing bounty.
Money may not grow on trees but for a while it seemed to grow on houses, and Colleen Moorhead knew exactly where to turn when she needed to harvest some cash.
With a few phone calls, broker Joyce DeAngelo could put Moorhead and her husband into a new mortgage and cut them a check. They used more than $100,000 in cash they netted from the refinancing for living expenses and renovations.
Between 2001 and 2006, the Moorheads refinanced their three-bedroom San Diego home at least nine times, county records show.
This is such a beautiful little tale for children.
Kids, if you plant yourself a house, the house will soon sprout dollar bills, and then you can harvest some cash. If you water the house, and make sure it stays alive, you can keep harvesting cash all your life.
Looks like the Moorheads didn't take care of their money tree. The tree died after only nine harvests.
Kids, always make sure to water your house, and you too can live happily ever after.
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