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

To: ChanceIs who wrote (224690)	10/13/2009 8:51:00 PM
From: Broken_Clock	Respond to of 306849

I can tell you truthfully that 99% of the us public won't spend a dime for an atty prior to settlement closing.

To: ChanceIs who wrote (224690)	10/13/2009 10:52:18 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 306849

>>Denninger keeps harping on the notion that most Americans don't have a grasp of the basic....like compound interest, mortgage amortization, etc. I think he is correct. At least they could set the applicants down with an Excel program and tell them to generate an amortization table before they close. Can't do it??? Sorry , no loan.<< this is where the bezzle came from - it was all a fraud! the bankers knew these folks would never pay back the loans, but wanted to make them and securitize them anyway! why would a scam artist tell his mark how to avoid the scam?