You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Reply #81: Unwittingly, we actually made out good on the mortgage loan game. [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
Home » Discuss » Latest Breaking News Donate to DU
dixiegrrrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-01-11 10:28 AM
Response to Reply #68
81. Unwittingly, we actually made out good on the mortgage loan game.
In 2005, when we retired and moved back here to Ala, I had no idea about mortgage loan crimes.
We had a nest egg to buy a house, but no income yet, right after the move, and I was surprised that Countrywide gave us a 30 yr. "jumbo" loan so easily. We had great credit scores and a 30% down payment,
the house cost less than 40% than it would on the West Coast, the mortgage is ridiculously small.
Now I know what happened, of course, and am thinking of challenging BOA about the loan..maybe see about getting a Quiet Title.
But I also know there is no way we could have gotten a loan after 2008 in the same circumstances.
So, it worked for us, at the time.
Naturally the house has decreased re-sale value in today's market, but we did not buy to resell.
Printer Friendly | Permalink | Reply | Top
 

Home » Discuss » Latest Breaking News Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC