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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Les H who wrote (91261)4/6/2001 8:23:09 PM
From: robnhood  Read Replies (1) of 436258
 
<< knew of a real estate brokers and investors who used to act as vulture lenders to these distressed homeowners,
many on the last legs of their VA or VHDA loans.>>

What does that mean Les? Do they lend money on third and fourth motgages hoping that the home owner will default and then clean up on all the hidden fees and punishments etc., when they foreclose?
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