[quote=SD Realtor]I am sorry but I do not think the poster did anything wrong besides making a stupid decision to purchase a home near the top of a bubble. That was lunacy and the seller is a poster child for why we should not have 0 down loans, or for that matter FHA loans. Forcing buyers to come up with equity (in my opinion at least 20%) would lead to a much more stable market.[/quote]I wish that 20% down was the minimum requirement for a loan but I don’t see that happening.
I don’t believe in moralizing (good v evil) financial decisions and have no problem with the OP’s actions, but for him to blame the “bank” for his purchase is just childish and ignorant. That’s 100% on him.
