“I think we should have a thread on real estate scams perpetrated by participants.”
I am not about to tell you about the scams I have perpetrated Perry.
Kidding aside, what wasn’t a scam? Everday,everywhere mortgage brokers promising people that financing their way out of the ticking time bomb they were about to sign up for was a sure thing. I know people were really stupid about buying houses they couldn’t afford but the mortgage brokers did promise them away out. So they got on the gravy train that they had seen some of the earlier buyers get on. Train derailed. I guess they should have asked the mortgage guy to put it in writing.
