Smart that you caught that and read the fine print. Think of how many folks are gonna miss that and get screwed by the bank their tax dollars bailed out?
“No prepayment penalty” seems pretty clear, I can see lots of smart folks not bothering to assume a lie and notice that *. There is an advertising law against shouting a lie and whispering the truth, seems like this violates that.
Expect to read about more and more of this stuff. The big banks are insolvant, they are desparate, regardless of what the MSM says.
Now get out there and outbid someone on the one or two REOs (out of the thousands they have) they put on the market, you savvy RE investors you.
