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To: mishedlo who wrote (24139)2/23/2005 2:38:39 AM
From: Elroy Jetson  Read Replies (1) | Respond to of 116555
 
Regarding home owners living on credit cards between re-financings.

I know of an architect who is filing for bankruptcy to keep their expensive home for a while longer - also has $300k on Visa cards!

With just an average salaried position at an architectural firm, how ever did this person qualify for $300k of Visa cards, let alone the nearly $2 million home?

In reality has been living off of re-financings, but there must have been a pack of lies on the many loan applications.
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