Posted by Lemonaide on July 18, 2008, at 13:49:50 [reposted on July 19, 2008, at 20:34:22 | original URL]
In reply to Re: Wierd Question. Someone wrote me banks are clo » Dinah, posted by Phillipa on July 18, 2008, at 13:02:02
Aren't these those refinancing banks that refinance your mortgage and let you borrow 125% of the equity? It is no wonder to me, I think Country Wide was one of them.
They offered people with bad credit to borrow against their equality. Then made a killing on fee's but when people started to go bankrupt, the banks lost huge because they couldn't sell the properties for what money the had invested in including court costs. It is no surprise to me.
poster:Lemonaide
thread:840884
URL: http://www.dr-bob.org/babble/poli/20080312/msgs/840890.html