REAL ESTATE
UPDATE
Ray A. Fox, Licensed Realtor
ON SECOND MORTGAGES
(Waronoff) Barnett of South-
field joyfully announce the
birth of their son, Mitchell
Benjamin. Proud grand-
parents are Herb and Jackie
Zimmerman of Birmingham,
Evelyn Barnett of West
Bloomfield and Ron and
Marlene Waronoff of Colum-
bia, Md. Delighted great-
grandmother is Marian
Waronoff of Ft. Lauderdale,
Fla. Mitchell Benjamin is
named in loving memory of
his paternal grandfather,
Marvin Barnett, and his
maternal great-grandfather,
Boris Shapira.
JULY 13 — Jay and Jeanne
(Seitz) Goldenberg of Royal
Oak are delighted to an-
nounce the birth of their
daughter, Emma Suzanne,
sister to Megan Elizabeth and
Zachary Michael. Proud
grandparents are Rube and
Ida Goldenberg and Frank
and Marie Seitz. Emma
Suzanne is named in loving
memory of her great-aunt,
Betty Kaftan and her great-
uncle, Louis Goldenberg.
JULY 12 — Robert and An-
toinette Cohen of Grosse
Pointe Park are pleased to an-
nounce the birth of their
daughter, Samantha Pauline.
Proud grandmothers are An-
tonina Maceri of Warren,
Hilda Cohen of Margate, Fla.,
and great-grandmother, Anna
Mutnick, of Deerfield Beach,
Fla.
JULY 7 — Dr. Neal and
Karen (Rubenstein) Alpiner
are thrilled to announce the
birth of their son, Sean Bran-
don, brother to Brett Mat-
thew. Ecstatic grandparents
are Seymour and June
Rubenstein of Southfield and
Sol and Irene Alpiner of
Southfield. Sean is named in
loving memory of his mater-
nal great-grandmother, Bet-
tye Levy.
JULY 7 — Daniel and Jane
(Caplan) Och of New York are
very proud to announce the
birth of their son, Joshua
Adam. Thrilled grandparents
are Carole and David Caplan
of Birmingham and Michael
and Golda Och of New Jersey.
Joshua is named in lov-
ing memory of his pater-
nal great-grandfather, Abra-
ham Och.
JULY 7 — Dr. and Mrs. Paul
(Susan Southgate) Fox of
Chicago joyfully announce
the birth of their son, Joshua
Southgate Fox. Loving grand-
parents are Robert and Bess
Fox of Livonia and Sima
Southgate of Chicago. Joshua
is named in honor of his
great-grandparents, Moshe
Ben Shlomo Fox and Shaptie
Mizrachi.
is
LAKIN-SQUIRE
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6020 W. Maple Road, Suite 501, West Bloomfield 932-0202
THE ULTIMATE IN QUALITY BANDS
QUESTION: I don't have
enough cash for the down 141
payment on an investment
property. Do you think a
fs
second mortgage would be mum
the answer here?
mom
ANSWER: If all the mom
'ROHM
OTHER numbers fall into m11111 1 111
place as far as the invest-
ment goes, a second mort-
gage might be JUST your
answer. The seller or some A SECOND MORTGAGE
other lender may agree to can be an excellent way
loan you the balance of the to finalize a sale In to-
down payment in this man- day's market.
ner.
Please Phone
The second mortgage
usually carries a higher in-
Ray A. Fox
terest rate and a shorter
or drop in at
payment time — usually
CRANBROOK
from three to five years.
But, in today's financial
ASSOCIATES, INC.
climate, the second mort-
32440 Franklin Road
gage (or some sort of seller-
Franklin
assisted financing) is always
Phone:
626-8700
an ingredient to consider in
order to finalize a sale.
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