Powayseller this is a very interesting article. I always thought that people were informed or learn about this stated income option by the “get rich quick seminars” but never occurred to me that lenders were not informing the lenders.
In a law suit, how can these owners prove that they were tricked by the lender? There are so many topics that i cannot keep up so maybe this was mentioned before but another eye opening is that banks are not going to take the hit when all these loans foreclose!!! this is going to be ugly…
