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: Skeeter Bug who wrote (287579)	10/28/2010 5:57:27 PM
From: tejek	Read Replies (2) of 306849

>Well they should have thought twice before mortgaging their lives away. No one forced them to take out that second or buy a house they couldn't afford. Grow up skeeter.<< i agree. but the question you refuse to answer is why the felony crimes committed by the mortgage lenders and the banks, the MILLIONS OF FELONY CRIMES, go unpunished b/c people believed the hype that was issued by the government, the fed and the media? What laws did they violate? Mortgage documents are provided the client before closing. If the borrower doesn't bother to read them whose fault is it? If loans are packaged in CDOs and sold to a third party and the third party doesn't bother to do some DD before the deal is consummated whose at fault? When learning real estate, the phrase Caveat Emptor is repeated over and over again. Buyer beware!

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