I don’t know if it’s legal, but I would feel defrauded if I were the lender.
You should feel defrauded, because when the bailouts hit full steam during this election cycle, we will ALL be lenders… =8^O
During the recent Bernanke questioning a senator already pulled the political trump card: “but the children are weeping”. I’m pretty sure I heard him mumbling something about rumors that Countrywide printed mortgage applications on the hides of slaughtered baby seals. I figure that once Elton John writes a song about foreclosure families, I’m just going to get it over with and send all my money in to the IRS.