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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Think4Yourself who wrote (46312)12/29/2005 6:05:15 PM
From: bentwayRead Replies (1) of 306849
 
I know a guy who bought a house at 22, but he actually had 20% down, and it really was his own money! So, it's possible, but if lenders are doing this commonly, they deserve to get burned. Probably their plan is to offload these mortgages to Fannie or Freddie before they go south..
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