tag:blogger.com,1999:blog-15497577.post5817719364669098760..comments2007-03-09T14:33:05.988-08:00Comments on -Another F@CKED Borrower- casualty of the housing bubble: I KNEW it was coming!!SoCalMtgGuyhttp://www.blogger.com/profile/17467248138790712902noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-15497577.post-47849328663610982292007-03-09T14:33:00.000-08:002007-03-09T14:33:00.000-08:00Too many people out there that think they are "los...Too many people out there that think they are "losing money" (opportunity cost) if they don't pay the minimum.<BR/><BR/>These people trap themselves. Loan officers and Realtors do a good job of convincing clients that they "can afford it," and there is nothing to worry about. One agent told my sister that essentially they will do whatever it takes "to get you in the door." Implying that they Out at the peakhttp://www.blogger.com/profile/10855394670202295976noreply@blogger.comtag:blogger.com,1999:blog-15497577.post-17579394500588593692007-03-07T05:41:00.000-08:002007-03-07T05:41:00.000-08:00Hey, Where are you?No comment on the New Century c...Hey, Where are you?<BR/>No comment on the New Century crash? Now GM maybe in trouble.This could really get nasty, as things unwind.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-15497577.post-43919091712527400702007-02-26T15:12:00.000-08:002007-02-26T15:12:00.000-08:00I heard one of these commercials the other day...c...I heard one of these commercials the other day...crazy! Damn trial lawyers will do anything! <BR/><BR/>You knew this was coming...of course the borrower is the victim. Forget that they signed 50 pages of loan documentation. Forget that they called and asked for the "pay option loan" by name. And definitely forget about them choosing to make the damn minimum payment for the last 24 months so Jay Hernoreply@blogger.com