Forum Replies Created
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patientrenter
Participant“I know almost everyone on this board has no debt and pays for everything with cash (what they love more than anything else), always pays off the balance on their credit cards monthly, have 825+ credit scores (they have been brainwashed to be in bondage to the credit reporting system), have perfect jobs and their gas actually reduces air pollution etc…”
LoL! I take exception, paramount. Why? I don’t have a perfect credit score (I suspect), although I’ve never looked.
patientrenter
Participant“I know almost everyone on this board has no debt and pays for everything with cash (what they love more than anything else), always pays off the balance on their credit cards monthly, have 825+ credit scores (they have been brainwashed to be in bondage to the credit reporting system), have perfect jobs and their gas actually reduces air pollution etc…”
LoL! I take exception, paramount. Why? I don’t have a perfect credit score (I suspect), although I’ve never looked.
patientrenter
Participant“I know almost everyone on this board has no debt and pays for everything with cash (what they love more than anything else), always pays off the balance on their credit cards monthly, have 825+ credit scores (they have been brainwashed to be in bondage to the credit reporting system), have perfect jobs and their gas actually reduces air pollution etc…”
LoL! I take exception, paramount. Why? I don’t have a perfect credit score (I suspect), although I’ve never looked.
patientrenter
ParticipantThat’s right! It’s all Goldman’s fault. The mortgage brokers, the rating agency management, the Federal Reserve, the members of the Senate Finance Committee and of the House Financial Services Committee, the Treasury Secretary, the President, the hundred million people looking for a huge free lunch out of home price appreciation, the millions of home buyers who signed false loan applications, Fannie Mae mgmt, Freddie Mac mgmt, FDIC mgmt…. all had little or no responsibility. It was all Goldman Sachs.
patientrenter
ParticipantThat’s right! It’s all Goldman’s fault. The mortgage brokers, the rating agency management, the Federal Reserve, the members of the Senate Finance Committee and of the House Financial Services Committee, the Treasury Secretary, the President, the hundred million people looking for a huge free lunch out of home price appreciation, the millions of home buyers who signed false loan applications, Fannie Mae mgmt, Freddie Mac mgmt, FDIC mgmt…. all had little or no responsibility. It was all Goldman Sachs.
patientrenter
ParticipantThat’s right! It’s all Goldman’s fault. The mortgage brokers, the rating agency management, the Federal Reserve, the members of the Senate Finance Committee and of the House Financial Services Committee, the Treasury Secretary, the President, the hundred million people looking for a huge free lunch out of home price appreciation, the millions of home buyers who signed false loan applications, Fannie Mae mgmt, Freddie Mac mgmt, FDIC mgmt…. all had little or no responsibility. It was all Goldman Sachs.
patientrenter
ParticipantThat’s right! It’s all Goldman’s fault. The mortgage brokers, the rating agency management, the Federal Reserve, the members of the Senate Finance Committee and of the House Financial Services Committee, the Treasury Secretary, the President, the hundred million people looking for a huge free lunch out of home price appreciation, the millions of home buyers who signed false loan applications, Fannie Mae mgmt, Freddie Mac mgmt, FDIC mgmt…. all had little or no responsibility. It was all Goldman Sachs.
patientrenter
ParticipantThat’s right! It’s all Goldman’s fault. The mortgage brokers, the rating agency management, the Federal Reserve, the members of the Senate Finance Committee and of the House Financial Services Committee, the Treasury Secretary, the President, the hundred million people looking for a huge free lunch out of home price appreciation, the millions of home buyers who signed false loan applications, Fannie Mae mgmt, Freddie Mac mgmt, FDIC mgmt…. all had little or no responsibility. It was all Goldman Sachs.
patientrenter
Participant“I believe you can have your relative buy the home under their name and quit claim it to you or sell it to you under contract and just go straight to escrow.”
Gift tax?
patientrenter
Participant“I believe you can have your relative buy the home under their name and quit claim it to you or sell it to you under contract and just go straight to escrow.”
Gift tax?
patientrenter
Participant“I believe you can have your relative buy the home under their name and quit claim it to you or sell it to you under contract and just go straight to escrow.”
Gift tax?
patientrenter
Participant“I believe you can have your relative buy the home under their name and quit claim it to you or sell it to you under contract and just go straight to escrow.”
Gift tax?
patientrenter
Participant“I believe you can have your relative buy the home under their name and quit claim it to you or sell it to you under contract and just go straight to escrow.”
Gift tax?
July 22, 2009 at 5:19 PM in reply to: Intentional defaulting, not subprime mortgage is the problem #435473patientrenter
Participant[quote=CA renter]Solution to the problem:
Higher down payments
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[/quote]I agree that, if we did only did one thing to avoid a repeat of the bubble, requiring much more real buyer money as a downpayment would be the right choice.
I don’t know what the right % is, but I am thinking 30%, with exceptions down to 20% if you pass a barrage of tests: you can prove that all the downpayment is yours or your immediate family’s; AND you can show that you will occupy the house as your main residence; AND the appraised value is the lesser of two completely independent appraisals, one of which is conservative, taking into account all sales, including REOs, short sales etc, and was conducted by an appraiser chosen by a representative of the ultimate investors. Regular fully public public audits of those conservative appraisals etc…
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