Thursday, March 12, 2009

Missouri Family avoids Foreclosure Keeps Cave--Not kidding

Curt and Deborah Sleeper had plans to auction their 15,000-square-foot home which is built inside a former limestone and sandstone cave.

Then along came John Demarest,
the founder and owner of Logical Source, Inc., a document managing company based in Fairfield, N.J., has offered the family a private mortgage contract consisting of a 15-year loan with a low interest rate.
Subscribe to All American Investor via Email
The news only gets better, the Sleepers are now planning to throw a cave party. Not in their cave, but in the cave of a friend.
Tom Kerr's cave has 5 million square feet and includes a 60-acre lake.
Mama mia. I bet you would like to see that cave--well you can. Tickets to the party are now on sale--15 bucks in advance online--or 20 bucks at the door. They plan to donate the proceeds to other families facing foreclosure. Good news all around.

UPDATE: Missouri Family Will Keep Cave
Cave Dwelling Family Can’t Refinance; Selling Home on eBay

Bob DeMarco is a citizen journalist and twenty year Wall Street veteran. Bob has written more than 500 articles with more than 11,000 links to his work on the Internet. Content from All American Investor has been syndicated on Reuters, the Wall Street Journal, Fox News, Pluck, Blog Critics, and a growing list of newspaper websites. Bob is actively seeking syndication and writing assignments.

Follow All American Investor on Twitter
More from All American Investor