Thread: Mortgage fraud.
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Old 08-26-2008, 08:09 PM
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Quote:
Originally Posted by Wagner
Did you read the article associated with this thread?
Yes, I read it. And while I don't agree with the criminal activity of some lenders and brokers, I still don't see how that correlates to the risk of homeownership being transfered to the bank.

And, if the bank does assume any losses, than shouldn't they be able to dictate when and if you CAN sell at that time.

Real Estate always bounces back. If you sell now or did some stupid financing, you may get crushed. But if you hold on long term, you'll see a return on investment..
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