Yes, their credit deserves to dive and they cant live in a house they cannot afford. But dont validate the Scammers logic. They feel justified also. Their defense is that the investors just dont like that the market has turned.
Think again. This company fraudulently inflated Values with fraudulent Appraisals! the people didnt know that!
Real estater,
I don't doubt that fraud did happen. And I don't think that anyone here would disagree that fraud did play a role. But, it does take two to tango. I find it difficult to understand how anyone could have participated without somehow thinking this wouldn't be fishy. I would say to some extent, several ended up "victims" at least should be partly responsible, as they probably were lured their from greed and the appeal of quick money. It unfortunate that some folks exploited religion to con people, but that does happen quite often.
