The Epic American Credit and Bond Bubble Laboratory Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: loantech who wrote (62314)	6/2/2006 12:12:52 AM
From: John Vosilla	Read Replies (1) of 110194

"I have a friend of a friend who just bought a home in San Diego (about 6 months ago). Paid $850k on a 100% IO loan with a 1% teaser loan. Paymnt is only about $700 a month. In about 6 more months the payment will go to about $5k a month. The home will also be worth about $800k. The friend of the freind is a manager at Taco Bell in Scripps Ranch. What is the chance of him making it past 3 months when the teaser is over? My above example is extreme, but don't we all know someone who is in this boat?" websitetoolbox.com Tom, thought you'd enjoy the dialogue on this thread in your neck of the woods..

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next