License to get a mortgage ? – Page 2 – Piggington's Econo-Almanac

This topic has 16 replies, 7 voices, and was last updated 16 years, 9 months ago by sdsystech.

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July 28, 2007 at 10:36 PM #68435

sdsystech
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Yes it’s out of control. With the record foreclosure rates in SD we are seeing the fruits of the following exchange a couple years ago:

Lender: Mr.Gonzales, you say you want a 500K loan but can’t document the income of your landscaping business?

Mr.Gonzales: Yes

Lender: Not a problem! We have a special loan package designed just for you!

July 28, 2007 at 10:36 PM #68504

sdsystech
Participant

Yes it’s out of control. With the record foreclosure rates in SD we are seeing the fruits of the following exchange a couple years ago:

Lender: Mr.Gonzales, you say you want a 500K loan but can’t document the income of your landscaping business?

Mr.Gonzales: Yes

Lender: Not a problem! We have a special loan package designed just for you!
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Viewing 2 posts - 16 through 17 (of 17 total)

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