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subprime2006 (November 30, 1999 at 12:00 am)
There are borrowers who "cashed out" $200-$300K in the last 6 years to supplement their income and now they just walked away from their house. There are people should never buy the home in the first place with their $10/hr salary.
We all forgot how foreign banks lost billions in our mortgage industry. I estimated at least $1 Trillion is lost by the foreign banks.
subprime2006 (November 30, 1999 at 12:00 am)
We hate injustice and lie so please stop spreading the lies.
The problem with our mortgage industry started in the early 2004 when "STATED LOAN" was introduce my BANKS. Anyone and their 80 years old mother can borrow $500,000 and up even with out a job.
Over supplies of money fraudly inflating the price of houses. Now price of houses are coming back to reality ("2003" level). In a years or two we will see the bottom of housing.
CreditRehab (November 30, 1999 at 12:00 am)
If you really want to repair your credit, see us instead for details. Principles Only.
DarkTruth33 (November 30, 1999 at 12:00 am)
I know there are always some honest people out there but I really think it's like finding a needle in a hay stack. You give people the taste of free money and they can't resist.
DarkTruth33 (November 30, 1999 at 12:00 am)
Yes. 100% Correct. I'm sure you won't get much love on Youtube with this view but I'm with you. It's so sad what has happened. It's the biggest case or larceny in the history of our nation. yet these people won't spend a day behind bars. We send someone in Michigan up the river for 15-30 for robbery for stealing $500.00, these people fleeced American's out of the dream and get nothing. We need to demand justice.
Yourdeadmeat69 (November 30, 1999 at 12:00 am)
This is what you get under Republican deregulation, spiders eating flies. Flies are gullible, and spiders ensnare them, hoping to flip houses repossessed three years after, when loan payments double after the adjustable period.
We need a mortgage strike, nobody in America pays their mortgage for three months, then lets see how the banks react.
Yourdeadmeat69 (November 30, 1999 at 12:00 am)
If he can get a new loan larger than yours, if he can get a loan AT ALL as of this morning, I'd be surprised.
rlgllc (November 30, 1999 at 12:00 am)
Yes, there are a lot of scams out there. But there are also people out there that are legitimate and can offer refinancing options using private lenders and small local investment groups. The scammers make it difficult for home owners to trust real help.
If you have a lot of equity then you CAN find someone that will lend you the money to refinance and payoff the foreclosing lender.
I know this for a fact. You just need to know where to look.
DarkTruth33 (November 30, 1999 at 12:00 am)
I really think the mortgage brokers are to blame for what has happened. I know a few of them and they told me they make as much money as they can off every loan they write, regardless if its good for the borrower or not. They talk people into loans they can't afford. Easy to tell who is the crook. The borker tells the apraiser "I need this amount to make the loan work". I think that shows who's doing what.
elwhyefefef (November 30, 1999 at 12:00 am)
Scientology = Fraud
xenu {dot} net |
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