[PadreBrian]

op, yeah, this looks like a cash back scenario. They are basically finding the highest appraisal possible, paying the owner off and keeping the rest as cash. Then never make a payment. These loans are the dead last of them. You would have to be in closing in the last few weeks to get one of these today. As of two weeks ago, no more zero down.

[PadreBrian]

Yeah, nice small homes with low taxes and low hoa. BUT, they are 200k too high for “starter homes”. Doctors and dentists aren’t going to pay high 800’s for a starter home. With the passing of stated income loans and zero down, those are the only people that can afford such a house now.

[PadreBrian]

Yeah, nice small homes with low taxes and low hoa. BUT, they are 200k too high for “starter homes”. Doctors and dentists aren’t going to pay high 800’s for a starter home. With the passing of stated income loans and zero down, those are the only people that can afford such a house now.

[PadreBrian]

Yeah, nice small homes with low taxes and low hoa. BUT, they are 200k too high for “starter homes”. Doctors and dentists aren’t going to pay high 800’s for a starter home. With the passing of stated income loans and zero down, those are the only people that can afford such a house now.

[PadreBrian]

I have seen this for the last few years. This kind of behavior is the lowest of the low. They walk away with new toys, and the US tax payer is picking up the tab for their waste and greed.

[PadreBrian]

I have seen this for the last few years. This kind of behavior is the lowest of the low. They walk away with new toys, and the US tax payer is picking up the tab for their waste and greed.

[PadreBrian]

I have seen this for the last few years. This kind of behavior is the lowest of the low. They walk away with new toys, and the US tax payer is picking up the tab for their waste and greed.

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