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To: Les H who wrote (91261)4/6/2001 8:23:09 PM
From: robnhood  Read Replies (1) | Respond to of 436258
 
<< knew of a real estate brokers and investors who used to act as vulture lenders to these distressed homeowners,
many on the last legs of their VA or VHDA loans.>>

What does that mean Les? Do they lend money on third and fourth motgages hoping that the home owner will default and then clean up on all the hidden fees and punishments etc., when they foreclose?



To: Les H who wrote (91261)4/6/2001 11:52:48 PM
From: Ilaine  Respond to of 436258
 
You're right, there are tradeoffs. I hope it works out. When we switched from renting to owning, after the tax deduction we were not paying any more, had a much nicer house, and were building equity. I wish the same for everyone.


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