The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: TheStockFairy who wrote (21719)	6/18/2004 10:19:10 AM
From: Rutgers	Read Replies (2) of 306849

Agreed. There's something missing here... Facts: $650k house put $100k down from profit of old house (did they have any other equity in it?) leaves mortgage of $550k depending upon other equity applicant makes $40k/year. even if they took out one of dose fancy interest only mortgages, he w/n qualify for $550k, period. Maybe they recently came into a lump sum from some other source?

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