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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (122270)	5/11/2008 5:22:47 PM
From: Giordano Bruno	Read Replies (2) \| Respond to of 306849

California man losing nine homes in mortgage mess reuters.com

To: RockyBalboa who wrote (122270)	5/11/2008 8:43:28 PM
From: Amelia Carhartt	Read Replies (1) \| Respond to of 306849

"But it is hard to understand that those responsible for the mess go unscathed; they are the experts and should take on more responsibility." In a perfect world. There is no doubt that these people prey on human nature. I guess these borrowers didn't get any of the old memos. "There ain't no free lunch". "If it looks too good to be true it probably is".

To: RockyBalboa who wrote (122270)	5/12/2008 8:34:34 AM
From: Pogeu Mahone	Respond to of 306849

Maybe ? Maybe not! Who knows what inducments where dreamed up by the originators to suck in unsophistacated buyers. ======================== I concede that there is a fine line between originator fraud and borrower fraud. There may be many borrowers who must have known or knew that they dont make it or they default if they dont flip the property in like 30 days. The number of first payment defaults indicates borrower fraud. Those guys don´t deserve any help they were insane while others were hapless.