[quote=ralphfurley]
Then the fella who bought a house in San Clemente with stated income four times of what he actually made. He was going to pull equity out of his house to start a business once the value went up.
[/quote]
Yeah. I didn’t quite figure that one out. He made 50k in equity. I’m pretty sure he took it out. Is that not enough to start a business? What kind of business? How about SBA loan? And so now that he lost his house, it’s setting him back 10 years. I mean, UH? All it can do is set him back to where he was when he started. {gasp}
