Still at it…oh boy

[dksolomon]

Caught a tv ad last night from a mortgage company promoting the I/O loans, No money down, and income stated – no docs loans. They actually said” Buy a 1 Million dollar home – less than 10% money down!” Ok’ I have an extra 100K laying around – hook me up! NOT!
I almost fell off my lazyboy. Last dash effort to get the last of the hold outs to make the deal with the devil…oh boy!

PS. Thanks to all of you who visit and reply on this site, it has helped me come to grips with the RE culture in CA!
KS

[lindismith]

From a marketing perspective, they are advertising them, but might not actually sell those particular loans once they get the client in the door.

But yeah, I think we’re going to see quite a bit of this type of thing as we move into Fall. Like you say, it’s a “last dash,” before the tide turns.

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