SI
SI
discoversearch

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 Residential Real Estate Crash Index
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Broken_Clock who wrote (287800)10/29/2010 6:31:21 PM
From: ValueproRead Replies (5) of 306849
 
"forging Good faith Estimates is certainly a crime.:

And so is borrowing money, knowingly not having the means to repay it. Crimes on both sides is my point. Don't come down just on lenders.

My wife's an escrow officer. During the hysteria, she often wanted to take people by the shoulders and shake them and tell them, "Can't you see that you can't afford this?" As a supposed disinterested 3rd party, she couldn't do that. Her job is merely to see that papers are in order. But all too often these borrowers had to know what they were doing, or should have, given their professions and levels of education. It was not all low income, uneducated suckers who were caught up in the system. It was an awful lot of players who got caught without a chair when the music stopped. And this includes developers, too.

...no sympathy from me.

VP in AZ
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News