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Viewing 9 posts - 31 through 39 (of 39 total)
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  • October 11, 2007 at 5:37 PM #88245
    drunkle
    Participant

    lbjames/diego:

    no tears tho? not funny enough? bummer…

    the article (and all the others like it) are just so fcking smarmy. everything in that article was manipulated perfectly, all prior complaints from people who pointed out fraudsters made those news editors think long and hard about how and who they wanted to make the poster child of this mess. and thereby elicit favor for a bailout.

    ranking military. sd loves it some military. a clean and decent woman. skilled and employed in a tech company…

    2k a month??? how shitty is that? what drugs, even with a partner, what drugs do you take to think that 2k/month can hold up a 400k mortgage?

    October 11, 2007 at 5:44 PM #88242
    Critter
    Participant

    Here’s what stuck in my craw about the article. Toothman says, “All I wanted to do was own a house.” Yet she never saved any money for the down payment nor did any of her own due diligence as far as what she could afford (the library has good FREE information as far as finances are concerned).

    Back in the day (OK I am dating myself here) when you wanted to buy property you saved for many years for the down payment, which told the lender you had good fiscal habits. I’m glad that down payments are coming back in style, because then we won’t have read more treacle like this from the UT.

    October 11, 2007 at 5:44 PM #88247
    Critter
    Participant

    Here’s what stuck in my craw about the article. Toothman says, “All I wanted to do was own a house.” Yet she never saved any money for the down payment nor did any of her own due diligence as far as what she could afford (the library has good FREE information as far as finances are concerned).

    Back in the day (OK I am dating myself here) when you wanted to buy property you saved for many years for the down payment, which told the lender you had good fiscal habits. I’m glad that down payments are coming back in style, because then we won’t have read more treacle like this from the UT.

    October 11, 2007 at 5:50 PM #88246
    NotCranky
    Participant

    “I am confused on why she didn’t use the VA loan if she was in the NAVY. Last time I checked you could have 417K of VA loan. Almost no down payment and fixed, low interest rates. Why??”

    VA has stricter guidelines which she couldn’t meet.
    I have heard reports about brokers putting people worse loans than they could otherwise qualify for with the incentive of higher rebates.

    October 11, 2007 at 5:50 PM #88251
    NotCranky
    Participant

    “I am confused on why she didn’t use the VA loan if she was in the NAVY. Last time I checked you could have 417K of VA loan. Almost no down payment and fixed, low interest rates. Why??”

    VA has stricter guidelines which she couldn’t meet.
    I have heard reports about brokers putting people worse loans than they could otherwise qualify for with the incentive of higher rebates.

    October 11, 2007 at 9:49 PM #88284
    VoZangre
    Participant

    Vocabulary Alert!!!!

    treacle!

    ka-ching..

    that thar is a twenny-five cent word, pardner!

    all joking aside, melodramatic whatchamawhosit and all…

    anyone who stuck that paper before her to be signed was

    a) smarter than she was

    and b) a scumbag…

    quality humans simply do not take advantage of persons of lesser intelligence to line their own pockets.

    buyer beware and all that, sure… it holds up for those who have someone to TELL them that… or who learned it somehow… or who are smarter.

    Is it her responsibility in the end? yup.

    Is it sad. To me… yeah, it is.

    October 11, 2007 at 9:49 PM #88289
    VoZangre
    Participant

    Vocabulary Alert!!!!

    treacle!

    ka-ching..

    that thar is a twenny-five cent word, pardner!

    all joking aside, melodramatic whatchamawhosit and all…

    anyone who stuck that paper before her to be signed was

    a) smarter than she was

    and b) a scumbag…

    quality humans simply do not take advantage of persons of lesser intelligence to line their own pockets.

    buyer beware and all that, sure… it holds up for those who have someone to TELL them that… or who learned it somehow… or who are smarter.

    Is it her responsibility in the end? yup.

    Is it sad. To me… yeah, it is.

    October 13, 2007 at 11:09 AM #88699
    Anonymous
    Guest

    If she only makes $2,000/mo. she would have a hard time finding anything to rent and most landlords wouldn’t rent to her. Obviously the bank was seriously stupid to give her any type of loan but she was at least as stupid to think she could afford those payment, even the teaser payments, no matter who told her she could.

    Everyone learns a hard lesson at least once in their life and it seems like this one is her time.

    October 13, 2007 at 11:09 AM #88706
    Anonymous
    Guest

    If she only makes $2,000/mo. she would have a hard time finding anything to rent and most landlords wouldn’t rent to her. Obviously the bank was seriously stupid to give her any type of loan but she was at least as stupid to think she could afford those payment, even the teaser payments, no matter who told her she could.

    Everyone learns a hard lesson at least once in their life and it seems like this one is her time.

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